Clark Law PLLC
Free Initial Consultation
Call Today for a Free Initial Consultation at 603-473-4338

Will hidden assets affect your post-divorce future?

As New Hampshire readers know, divorce is often a particularly contentious process for wealthy couples and those with valuable assets. A high asset divorce can be complex, especially when the two parties are unable or unwilling to work together on a reasonable financial settlement. In some cases, one spouse may actually attempt to hide assets from the other.

Hidden assets can affect your financial future well after your divorce is over. If you suspect your spouse is attempting to hide assets in order to keep a larger share of marital assets, you can take steps to protect your interests. You are entitled to an equitable share of marital assets, and you can fight to get the full amount you deserve. 

What can you do to fight back?

You can utilize specific actions to locate hidden assets, specifically bank accounts, and secure the portion to which you have a rightful claim. The process of finding hidden assets is a complex one, and you will find it helpful to work with knowledgeable professionals as you navigate it. Some of the steps you can take include:

  • The first step is to carefully review all of the information handed over as part of the required disclosure. If you see anything indicating missing money, money transfers and more, it could mean that your spouse is hiding assets.
  • After this, you can request an involuntary disclosure from your spouse. The other party will be legally obligated to answer all questions about accounts, money and assets.
  • Finally, it may be necessary to seek a deposition to get the information you need about potential hidden assets. During a deposition, your spouse will have to answer questions under oath. 

It is not always easy to find hidden assets, but your financial future after divorce is worth fighting for. Even if you suspect a problem but have no proof, it may be prudent to learn how you can protect your interests and explore the options available to you. 

Fighting for a fair settlement 

Divorce will bring significant financial changes to your life, and it is imperative to fight for an outcome that will allow you to have security and stability for years to come. Hidden assets in a divorce are not only unfair, but they are also a threat to your future. If you are unsure of how to fight back, you may find it beneficial to start with a complete evaluation of your case from an experienced family law attorney.

No Comments

Leave a comment
Comment Information