Divorce is complex for many reasons, but finances are often the center of many disputes and conflicts between two divorcing parties. Particularly in high asset New Hampshire divorces, there are additional complicating factors that can make property division and other issues more complex.
Hidden assets is an issue that can unfairly influence the division of marital property, debt and other types of assets. A spouse can attempt this deception by lying, failing to disclose all assets or intentionally hiding money and other types of property to prevent the other party from receiving his or her fair share. If you suspect your spouse is hiding assets, you would be wise to take quick action to protect your interests.
What can you do to fight back?
You may feel overwhelmed by the prospect of your spouse hiding assets, especially if you were not closely involved with the financial management of your household. If you suspect that you will not receive a fair share of marital property because of hidden assets, you do not have to walk through this complex situation alone.
With experienced guidance on your side, you can take the following steps to get a better idea of your spouse’s financial standing and the property to which you could have a rightful claim:
- Be sure to carefully review all voluntary disclosures. At the beginning of the divorce process, each spouse will turn over a list of property as part of the discovery phase. A careful inspection of the disclosure could indicate if there is a problem.
- You can request involuntary disclosures. If you are unsure of the validity of the voluntary disclosure, you can take action to legally compel the other party to submit another, accurate disclosure.
- You can take further action through a deposition. In some cases, it may be necessary to seek additional information by compelling the other party to submit to a deposition. Anything said in a deposition is eligible for use at a future trial.
Navigating issues related to hidden assets is a complex financial and legal matter. Many people facing this situation find it helpful to secure legal guidance as they fight for a reasonable outcome.
Seeking a fair divorce settlement
Your ultimate goal in a divorce order is to seek a fair and reasonable solution to property division disputes. Your future financial interests are at stake, and effectively countering your spouse’s attempts to hide assets is important. This is a difficult process, but you do not have to walk through it alone.