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Barbara L. Jouette, Attorney, P.C.
888-268-7997 / 214-385-4562

Your spouse may have hid assets prior to filing divorce papers

Typically, filing for divorce is not a spontaneous act. Often a spouse prepares for many months prior to announcing the desire to split. And if you were recently presented with divorce papers, bear in mind that your spouse likely had been planning to make the move for some time.

But why does it matter if your soon-to-be ex has been plotting to end the marriage for a while? Well, because it is quite possible that part of his or her preparation included finding places to stash valuable assets to keep them from being part of your property division negotiations.

And there are many, many ways to  hide assets, which include the following:

  • Overpaying creditors or the IRS. The extra money paid can be held by the recipient until after the divorce, at which time your spouse can get a refund.
  • Transferring investment or stock holdings into accounts held by dummy companies, business partners or family members.
  • Paying a phony debt to a family member or friend, which will be paid back when the divorce has been finalized.

These are just examples of how your spouse could hide assets. But the methods don't have to be as complicated as those mentioned above. He or she could have simply been squirreling away cash around the house in a safe or in a safe deposit box in a bank.

At some point, your spouse will have to offer up a list of assets in a discovery document. When you receive this document, you may want to have an experienced divorce attorney go over it with you very carefully. If you believe that there are  assets missing, the attorney could help you perform a search. By having an attorney work on your behalf, you give yourself an excellent chance at getting the settlement to which you are entitled

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