Hiding assets during a divorce is sneaky, unethical, and illegal – but it happens much more frequently than most people expect.
Could your spouse be hiding assets? And if they are hiding assets, does that mean you won’t get the divorce settlement you deserve?
If you are going through divorce, you need to ask yourself those two tough questions.
Many couples today have complex financial portfolios. (Your list might include your marital residence, rental and/or vacation properties, bank and brokerage accounts, retirement and pension plans, stock options, restricted stock, deferred compensation, life insurance with cash value, perhaps a business or professional practice . . . and perhaps much more.) Even in the best of times, it can be extremely difficult to keep track of all these moving parts. When a couple decides to divorce, that task can get exponentially more complicated.
As experienced family law attorneys, our office is always on the lookout for the spouse who is hiding assets, cheating, and lying.
We recommend due diligence. That means getting records, taking statements, and obtaining financial evidence.
If you are thinking of divorce, plan for it. Start getting records out of the house immediately. Make copies, get account numbers, find back balances, get the bills, take pictures of assets, get passwords for accounts and emails, back up emails, text messages, and keep a secret diary of daily events.
At Sperling Diarian McAllister and Shore, we shall instruct you in great detail how to conduct yourself during the divorce. With over 50 years of experience, the firm knows family law.