If you’re going through a divorce, it’s important to know that your spouse may try to hide assets. This can create many challenges during the divorce process and it’s important to have a family lawyer on your side who can help you navigate these challenges.
In this article, we will discuss seven of the most common ways one spouse may try to hide assets. We will also discuss how the best family lawyer can help you overcome any challenges that may arise.
1. Your spouse may try to hide assets by transferring them to friends or family members.
If your spouse tries to transfer assets to friends or family members, it can make it very difficult for you to track down those assets and get what you’re rightfully entitled to. A family lawyer can help you investigate these transfers and potentially recover the assets that have been hidden.
2. Your spouse may try to hide assets by using offshore accounts.
If your spouse has offshore accounts, you can still track down possible entitlements, as long as you have a family lawyer on your side. A family lawyer can help you investigate these accounts, so you’ll have a strong chance at recovering them.
3. Your spouse may try to hide assets by purchasing luxury items.
If your spouse purchases luxury items, it can be difficult to prove that those items were purchased with hidden assets. A family lawyer can help you investigate these purchases so you can recover any hidden assets.
4. Your spouse may try to hide assets by taking out loans in their name only.
If your spouse takes out loans in their name only, tracking down assets can surely become a challenge. But with a family lawyer, there’s an experienced professional to guide you. They can help you investigate these loans for the purpose of recovering assets.
5. Your spouse may try to hide assets by hiding income from investments or businesses.
If your spouse hides income from investments or businesses, it can be difficult to track down those assets and get any entitlements. A family lawyer can help you investigate these investments, so you’ll be well on your way to recovering them.
6. Your spouse may try to hide assets by using shell companies.
If your spouse uses shell companies, tracking assets down can get tough. What a family lawyer can do is investigate these companies with the intention of recovering the hidden assets. For those who aren’t in the know, shell companies are businesses that exist only on paper and are used to hide ownership of assets.
7. Your spouse may try to hide assets by giving gifts to friends or family members.
If your spouse gives gifts to friends or family members, it can be difficult to track down those assets, making it hard to get what you may be entitled to. A family lawyer can help you investigate these gifts and potentially recover assets that have been hidden.
If you are facing any of these challenges, it’s important to have a family lawyer on your side who can help you navigate the process and potentially recover the assets that have been hidden. Contact a family lawyer today to learn more about how they can help you.
