Is My Spouse Hiding Assets?
If you are considering getting a divorce or have begun the early stages of filing for divorce, one thing that may be on your mind is how it will impact your finances. If you have reason to distrust your spouse, you may be wondering if they are hiding assets from you in order to gain a financial advantage after the divorce.
Hidden Assets and Income During Divorce
If your spouse is attempting to hide assets and income during the divorce process, this can put you at a significant disadvantage. It can affect how property and assets are divided in the final divorce judgment, and it can also impact money awarded for alimony and child support. For these reasons, it is important to hire an attorney experienced in dealing with financial analysis and who knows what red flags to look for that may indicate your spouse is hiding assets.
Discovering Hidden Assets and Income
Depending on the type of assets that your spouse may be trying to hide, it can be difficult to uncover the assets and prove that your spouse was hiding them. Our skilled divorce attorneys can help you discover any hidden assets by reviewing tax return documents, financial statements, and other documents that may indicate other sources of income or assets, such as loan applications.
During the discovery period of litigation, we can also issue interrogatories and requests for production to your spouse and your spouse’s attorney which requires them to provide answers to questions and produce documents under oath. Another way we can help uncover assets hidden by your spouse is to hire a forensic accountant to review all financial documents in your case. A forensic accountant is trained to spot any inconsistencies in financial documents and reports and can help identify things you might miss, such as forged documents.
If you can prove that your spouse altered documents, hid assets or income, or lied under oath, this may put them at a disadvantage throughout the rest of the litigation process. As you may expect, judges do not like it when parties attempt to circumvent the divorce process to give themselves an unfair advantage.
Divorce is difficult enough without the fear of a spouse hiding marital assets. Trust the experienced legal team at Dotson & Taylor, Attorneys at Law to provide detail-minded, results-driven, high net worth divorce representation with compassion and personal service. With more than 40 years combined experience, we work strategically on your behalf, protecting your interests during every phase of the divorce proceedings. Contact our Murfreesboro office today at 615-890-1982 or online for a complimentary consultation; flexible appointments are available to meet your needs.