Divorce is a difficult process, and in many ways. Unfortunately, when spouses get divorced, they often have to deal with a great deal of legal and financial conflict on top of already very personal emotional conflict. In fact, it’s not uncommon for individuals to behave sneakily, or even outright dishonestly when it comes to financial matters both during and after the divorce process. For example, people are known to try and hide their assets from divorce. If you suspect that your spouse is currently hiding assets from your divorce, please continue reading and speak with our seasoned Bristol County divorce attorney to learn more about how our legal team can help. Here are some of the questions you may have:
What should I look for if I suspect my spouse is hiding assets from our divorce?
There is a wide range of ways in which a spouse may try to hide assets from a divorce. In some cases, they will overpay the IRS one year to appear as though they have less money than they really do, only to receive a large refund the next year. In other cases, they may ask their boss to withhold a year’s end bonus until a divorce is resolved. Sometimes, an individual may even open up a secret bank account or literally give cash to a trusted friend or relative to hold until their divorce is finalized.
Ultimately, if you suspect something fishy, you should strongly consider hiring an attorney who can assess the circumstances of your case and determine the best path going forward.
What can an attorney do to help me?
To start, an attorney will have an in-depth knowledge of the variety of schemes spouses conduct to hide money from a divorce. An attorney also is aware of the right parties to reach to investigate a spouse, such as a forensic accountant. Additionally, an attorney will be familiar with the legal process and can take action to ensure you receive the assets to which you are entitled. In some cases, a lawyer may even file a motion to hold the individual in contempt of court, as lying under oath is illegal. Don’t make the mistake of going through the divorce process without a lawyer in your corner. If you think your spouse is hiding assets, the Law Offices of Cynthia L. Hanley is here to help. Contact us today.
