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Hidden assets and fighting for a strong financial future

On Behalf of | Oct 27, 2019 | Firm News |

When you are going through a divorce, you know that your financial future is on the line. Your long-term interests are at stake, and it can be frustrating and overwhelming to find out that your spouse may be hiding assets. If you suspect this is happening, there are certain things you can do to protect yourself and secure a fair final order. 

Finding hidden assets could be an important component to your financial future after divorce. It may be helpful to learn how to look for signs that your spouse could be hiding assets and how to find them. Bringing these things to light can be a difficult and confusing process, but it is possible to address your concerns and bring your divorce to a beneficial conclusion.

Signs of hidden assets

You may not know for sure that your spouse hid assets. In fact, you may only have a strong suspicion that something is wrong but no proof. Signs that something could be wrong include learning that your spouse is suddenly denying the existence of a specific asset or has lost it. He or she may give or sell an asset to a third party for holding until the divorce is over. He or she may also create debt that does not really exist.

Any of these things could indicate that there are assets you need to find. It is likely there is a paper trail, but you may not be able to easily locate it. Looking at tax returns is a good place to start. Discrepancies, errors and surprises can all be red flags that your spouse is not acting fairly.

What can you do?

At this point, you will also want to look in certain places for hidden assets or signs of hidden assets. Check your safety deposit boxes, safes and other places in your home that could have valuable items, important documents or even money. You may also want to seek the assistance of a financial expert who can review your situation and help you understand your options.

Fighting for tomorrow

Divorce is difficult, especially when you feel like your spouse is using underhanded tactics to keep you from your fair share of marital property. You don’t have to sit by and hope that it all works out — you can fight back. With the help of an experienced Board-certified expert Family Law attorney familiar with complex divorce matters in Collin County, Dallas County, Denton County or elsewhere throughout Texas, you can pursue the future security you deserve.