Finding Hidden Assets In A Divorce
In a high-asset divorce, hidden assets can significantly complicate the dissolution process. When one spouse attempts to hide property or financial resources, it can lead to unfair settlements and prolonged legal battles. This can be an especially troublesome problem for those who have significant assets. Thankfully, with the help of a skilled divorce lawyer, you can locate any hidden assets and ensure you keep your fair share in your divorce.
At Jeffrey Law, PA, we know the importance of conducting thorough and meticulous investigations to find every dollar and asset that qualifies for property division in a divorce. If you suspect your spouse may try to hide anything from the divorce process, you can rest easy knowing we do everything possible to find it.
The Prevalence And Signs Of Hidden Assets
As your legal representation, we will consult financial experts to scour through financial portfolios, real estate properties and business interests to find anything hidden. Whether your spouse has tried to hide money by transferring it to an undisclosed account, undervaluing a property or involving third parties, we know how to find it.
Spouses should be attentive to signs that may indicate the presence of hidden assets. Common red flags of hidden assets include sudden changes to financial behavior, inconsistencies in financial statements and sudden funds transfers. Keeping an eye out for these signs can help you take proactive measures to stop the activity.
Legal Recourse For Hidden Assets
If you suspect that your spouse is hiding assets, there are legal actions you can take. Your first step should be contacting a skilled lawyer who can help you uncover hidden properties. Our legal team can utilize discovery tools, such as subpoenas, depositions and financial audits, to find these assets.
By regularly monitoring your assets and accounts, and keeping thorough records, you will have an easier time keeping track of everything. This way, it will be easier to notice any discrepancies with these accounts and assets, and put a quicker stop to anyone hiding anything from you.
Common Questions In These Situations
We understand that our clients have a lot of questions about these situations, which is why our lawyers have addressed some of the more common questions for you here:
How common is hiding assets in divorce?
In many cases, the more assets involved in a divorce, the more likely it is that someone is hiding something. In high-asset divorces, it is fairly common to find something that has been hidden.
How can spouses keep an eye out for hidden assets?
Spouses should be vigilant by reviewing financial documents, monitoring unusual transactions, and considering professional help such as forensic accountants. Awareness and attention to detail are crucial in identifying red flags.
What legal actions can be taken if one spouse lies about hidden assets?
If a spouse is suspected of hiding assets, legal actions include using discovery tools such as subpoenas and financial audits. An attorney can guide you through the process and help uncover any hidden property.
Keep Your Fair Share In A Divorce
Protecting your interests in a high-asset divorce requires diligence and skilled legal guidance. If you suspect hidden assets, do not navigate this complex process alone. Contact our Miami office at 305-703-0702 or email us today to schedule your consultation and ensure your financial future is secure.