Helping You Resolve Difficult Issues In Family Law

Working to find hidden assets during a divorce

On Behalf of | Jul 24, 2019 | High-asset Divorce

When you got married, you likely trusted your spouse to a fault. You may never have expected that he or she would lie to you or hide information from you, but over the years, you may have become more suspicious of his or her behavior. Unfortunately, the lies may have even led to your decision to end the marriage.

Because you no longer feel any trust for your future ex-spouse, you may worry that you will not get all of the information you need from him or her to conduct the legal proceedings properly, especially when it comes to property division. It is possible that your spouse may have hidden assets during the marriage, but fortunately, you can take steps to uncover any hidden accounts.

What can you do?

During this divorce process, both spouses are required to disclose all of their assets. Typically, this involves providing bank statements and other documents that show property ownership and account details. If you worry that your spouse did not provide information about a hidden account, you may want to start by exploring the information he or she provided. If you noticed that a provided bank statement shows transfers to another account, you may want to look into the receiving account.

If you believe that your spouse did not fully disclose all asset information, you may want to file formal requests for information through involuntary disclosures. These requests could yield documents like estate documents, tax returns, bank account information and trust information. Any of these documents, especially those related to taxes, could provide evidence that leads to hidden assets.

Having help

Of course, you may not have extensive knowledge on making disclosures or know what is required during divorce proceedings, but fortunately, this is where an Arizona attorney can help. Your legal counsel could utilize a deposition in which your spouse is under oath and must answer questions truthfully, and your attorney could also take steps to request information and take other action to uncover potentially hidden accounts.

You certainly want to get your fair share out of property division proceedings when going through divorce, and understanding that hidden assets are a possibility may help you achieve your desired outcomes. The discovery of a hidden account or other hidden assets could go a long way in your case.