When couples divorce, one spouse may worry that the other will lie about their financial situation or hide assets making it impossible to get a fair shake when it comes to child or spousal support or the division of marital assets.
This fear is not unfounded as some spouses will go to great lengths to hide financial information from “forgetting” to disclose the fact they have domestic asset protection trusts (DAPT) sheltered in a neighboring state to transferring wealth or real property to friends or family members for safe keeping. Others may use a small business to hide assets that are should be part of the marital estate or sock away money by overpaying debts, providing a credit which can be drawn on or refunded at a later date. There is no end to the shenanigans if a spouse is intent on keeping more than their fair share during a divorce settlement.
Uncovering Hidden Assets in a Divorce
If you are concerned that your spouse is not being transparent in their financial disclosure, an experienced divorce attorney has many tools at their disposal to uncover financial deception and undisclosed assets. Divorce lawyers often use discovery tools such as:
- Requests for production, where your spouse must provide all pertinent financial documents
- Interrogatories, where a spouse must answer specific questions for the record
- Requests for admission, enabling your legal team to gather financial records and information in a divorce
- Deposition, where you and your spouse will provide testimony under oath
- Forensic accountants, who can uncover hidden income and property
Contact Our Experienced Divorce Team for Help
Financial manipulation in a divorce is unlawful, and there are serious consequences for lying, but first you must uncover the facts. Working with an experienced attorney skilled at uncovering hidden assets is the first step to ensuring that you get your fair share of marital assets in a divorce. Contact the law offices of Schlesinger & Strauss LLC for help at 847-680-4970.