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What to do if the opposing spouse in a divorce has hidden assets

| May 1, 2015 | Divorce |

Like marital dissolutions throughout the country, those in Texas can take an ugly turn when two spouses do not agree about certain issues, including child custody, child support, spousal support and the division and distribution of property, assets and debts. Each issue has its own problems, but one of the hardest to resolve can be the distribution of assets.

If one spouse in a divorce is hiding anything from the other, then the person is denying the other something that is legally theirs under the law. If a court discovers this to be the case, then the spouse with the hidden assets can be subject to a contempt of court charge and could end up paying more than what they owe the other.

Spouses can use a variety of methods to hide assets, including creating bank accounts in foreign countries, making undisclosed real estate investments, using forged documents, keeping assets in the names of other people, creating trusts, maintaining undisclosed retirement accounts and transferring assets illegally by way of gifts or loans. Sometimes assets are unintentionally not disclosed because the owner is not aware of them. For example, old bank accounts and retirement plans from jobs left decades ago may be forgotten about.

Any spouse who suspects the other is hiding assets should seek the assistance of experienced lawyers who have the resources to determine whether or not the suspected party is actually guilty. The attorneys at Gunnstaks Law Office are capable of handling high-conflict divorce matters and have been serving clients successfully for more than two decades.

These attorneys fight hard to protect their clients’ interests through diligent investigation and creative problem solving. They can provide innovative solutions to highly complex divorce and other family law issues, including spousal support, enforcement of premarital and postmarital contracts, custody rights, child support and property division.

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