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Hidden assets: Winning this high-stakes game of hide-and-seek

On Behalf of | Nov 9, 2017 | Divorce |

Divorce is hard, and it is normal for both parties to have concerns over their financial well-being after the process is complete. However, this could lead one party to hide and inaccurately value assets in order to keep more than what is his or her fair share of marital property. This is particularly common in Texas high-asset divorces when there is much at stake.

You may be certain that your spouse is hiding assets, but what can you do about it? It feels like an overwhelming situation, but you have the right to take action and exercise your right to pursue a fair property division agreement. When dealing with hidden assets in a high-stakes divorce, you may find it beneficial to secure experienced guidance.

What can you do to find assets?

While it may seem impossible at the moment, it is possible to find hidden assets and secure your rightful share. It can be a complex process, but some of the things that you may be able to do to locate, uncover and properly value marital assets include the following:

  • Inspect disclosures provided by your spouse. In many divorces, both parties will provide a voluntary disclosure of all marital assets and debts. At this point in the discovery process, it can be useful to carefully examine this information and weigh it against information you have.
  • Demand additional information. With the help of your lawyer, you may be able to file a formal request to get further financial information from your spouse. He or she must respond with honest answers in a specified amount of time.
  • Ask questions during deposition. If less extreme methods did not get you the information you need, you may be able to depose your spouse. This would allow you to get your spouse on record talking about assets and money.

Depending on the nature of your individual situation, it may also be necessary to employ the services of a forensic accountant and other financial professionals.

Pursuing a strong post-divorce future

In a high-asset divorce, your financial future is on the line, particularly if your spouse is not being cooperative or honest. You would be wise not to navigate these complex issues on your own but take the steps necessary to ensure you have the right people on your side.

Finding hidden assets is a complex aspect of an already complex divorce issue – property division. Fight for your fair share and a strong post-divorce future by first learning about your rights and legal options.