Helping Clients Find Their Spouses’ Hidden Assets
When a divorce is particularly contentious, spouses sometimes try to hide assets from each other. If these attempts are successful, it makes it virtually impossible to come up with a fair property settlement agreement.
At GUNNSTAKS LAW OFFICE, we have represented many clients who have suspected that their spouse was hiding assets. We aggressively represent clients and their children victimized by this sort of behavior and will request that the entire value of the hidden assets be awarded to the deceived spouse.
Make sure that your spouse is truthfully disclosing all of his or her assets. Count on Plano divorce and hidden assets attorney C. “Luke” Gunnstaks to keep them honest. Call 972-590-6572 or contact us online.
Common Methods Of Hiding Assets
Though hiding assets is often intentional, honest mistakes sometimes happen. If the act was intentional, it is illegal and the deceiving party could be found to be in contempt of court. Before finalizing the division of assets, you should contact an attorney you trust to answer any questions you might have about undeclared or hidden assets.
Some of the ways people hide assets include:
- Overseas bank accounts, investments or real estate
- Keeping property in the name of a third party
- Using false documents
- Not disclosing retirement accounts, trusts and other sources of funds
- Hiding personal income within business operations
- Illegal or hidden transfers of assets by gift, loan, sale, or prepayment
Our lawyer routinely works with forensic accountants, business valuation experts and tax specialists to find and properly value all assets.
Fighting Against Dissipation Of Assets
Texas law requires that the parties in a divorce disclose all assets. They are then valued and equitably divided between the parties as part of a just and right division of the community estate. A dishonest spouse will sometimes find very creative ways of dissipating marital assets before the divorce. It takes an aggressive and creative lawyer like Mr. Gunnstaks to counter these kinds of actions.
Contact A Plano Fraud And Property Division Attorney
If hidden assets are discovered after a divorce is finalized, those assets can be divided by subsequent court order. This is only allowed in certain circumstances and within certain time limits. An experienced, knowledgeable lawyer can help you uncover and retrieve assets in this type of situation.
Luke and Cynthia are board-certified in family law by the Texas Board of Legal Specialization.