During the divorce process, both spouses are legally required to disclose all of their assets in order to determine how they should be split once the divorce is over. For some spouses, they may consider hiding assets or fail to disclose all assets. While people typically hide assets because they fear that they will lose what they consider is “rightfully theirs,” it is unlawful to do so. Here our Folsom divorce lawyers explain what to do if you believe your spouse is acting fraudulently with your marital finances.
How Do You Uncover Hidden Assets?
The first thing you should do if you suspect your spouse of hiding assets is to start gathering evidence of financial discrepancies.
Evidence that can help uncover hidden assets may include:
- Tax returns
- Bank account statements
- Photographs, videos or receipts of unexplained purchases like cars, jewelry, or other large gifts
- Written and notarized statements with relevant information from family members, co-workers, or friends
- Salary and withholdings from their employer
- Records of cash purchases
You should make copies of any evidence that you find and provide them to your Folsom divorce attorney. The more information you can provide, the more assets you are likely to uncover in your divorce case. Depending on the value of the hidden assets, you could end up receiving a more favorable outcome in your divorce.
Get Help From a Qualified Family Law Attorney
Your family law attorney can help you uncover hidden assets through a variety of methods.
Here are some examples of how your attorney can help expose hidden assets:
- Utilize forensic accountant
- Request an oral deposition
- Request interrogatories
- File a request for inspection
- Hire a private investigator
If you suspect your spouse is hiding assets or manipulating financial records during the divorce process, Law Office of Tiffany L. Andrews, P.C. is here to help. Remember, you have rights under California law. During this process, we will explore every option with you and provide sound counsel to help you obtain the most favorable outcome in your divorce.
Call our Folsom divorce lawyers today at (916) 794-4576 to discuss your concerns.