When Your Spouse Is Hiding Assets

In most divorces, both spouses manage some level of cooperation to reach the terms of their divorce and move on with their lives. Other times, however, the spouses can be in heated contention with one another about the end of their marriage. When this happens, terms of the divorce must be fought for and some spouses may do unsavory things to try and leverage process in their favor. A common way this is done is for one spouse, usually the “breadwinner” spouse, to hide assets in an attempt to shield them from the property division process. HOW TO FIND HIDDEN ASSETS Just like in a criminal trial, there is a “discovery” process in a divorce proceeding in which each spouse gives the other information on all the marital property they have that should be considered during the property division process. Sometimes, a spouse will know that the other is not being forthcoming during the discovery phase. Other times they can’t be sure, but have a healthy suspicion that something is amiss.A knowledgeable Sugar Land divorce attorney, however, can help ensure that the discovery process is thorough as possible. Evaluating your spouse’s assets isn’t just checking bank accounts—it can be a whole body of evidence made up of different documents and records.Here’s what should be asked for during discovery: Tax returns (1040, refunds, etc.)Financial statements (such as credit card statements)Loan applicationsBank statementsOther relevant documentation (sizable receipts, cancelled checks, etc.) WHAT IF THERE ARE STILL MISSING ASSETS? If your spouse has turned over everything he or she says they have in accordance with the discovery request and you still believe there to be hidden assets, then it may be time to turn to a forensic accountant. A forensic accountant can evaluate the financial information that has been surrendered in the discovery process and trace the flow of cash and other assets and determine whether or not the spouse is being as transparent as they say they are. If you are facing family law challenges, then the dedicated Sugar Land family law attorney at Audu Law Firm is ready to hear from you. Attorney Lilian Audu has committed her firm to providing compassionate and thorough family law and divorce counsel for individuals, couples, and entire families in need. Her communicative, client-centric approach means clients can rest assured that their counsel will proceed in a way that speaks to their every concern.You do not have to face this difficult time without a dedicated advocate. Contact the Audu Law Firm today for an initial case evaluation. ADDRESS 3 Sugar Creek Blvd Suite 100 Sugar Land, TX 77478 CALL TODAY 832-780-9005 FAX 832-442-4558 Sitemap | Privacy Policy Audu Law Firm This website has been built to be accessible for all users. If you experience any difficulty in accessing this website, please contact us for assistance.The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.