Hidden assets during a divorce can be one of the most complicated and frustrating aspects of the process. If you believe your spouse is hiding assets, it is important to take steps to protect yourself and your interests. At Herbert & Weiss, LLP, we have years of experience handling high asset divorces. We will work with you to uncover any hidden assets and ensure you receive what you are entitled to in the divorce settlement.
WHAT ARE HIDDEN ASSETS?
Hidden assets are assets that would typically be deemed marital assets by the court, but are instead “hidden” by one spouse, usually by having only one spouse’s name or putting the asset in the name of a third party, so the other spouse would not have access to them. While it may be tempting to take the assets you desire before the division of assets process, hiding assets can result in serious negative and financial consequences and the potential loss of major assets.
WHAT SHOULD I DO?
If you suspect hidden assets, the first step is to gather as much information as possible. This may include financial records, expense receipts, tax returns, and bank statements. It is also important to speak with an experienced high-asset divorce attorney. Your attorney can help you determine what assets may be hidden and how to best protect your interests.
Your attorney may also consult a professional, such as a forensic accountant, to help investigate your finances. They may be able to discover where these assets are being kept and help your attorney report them to the court.
If hidden assets are discovered, your attorney can work to have them included in the divorce settlement. Hidden assets can often be complex and difficult to value. Having a skilled attorney on your side can help ensure you receive a fair and equitable share of the assets in your divorce.
UNWAVERING COMMITMENT TO DELIVERING RESULTS
If you are going through a high asset divorce and believe that something is incorrect with your assets, contact Herbert & Weiss, LLP today. Our experienced attorneys will work with you to protect your interests and ensure you receive what you are entitled to in the divorce settlement.
Get started by scheduling a consultation today by calling (201) 500-2151 or filling out our online contact form.