An amicable divorce is the goal of many who are ending a marriage. Unfortunately, emotions often get the best of even the most level-headed individuals. Divorce brings these emotions to the surface, where they often wreak havoc on the process of divorcing and the final property settlement.
In a divorce, both spouses must disclose accurate information about their assets and liabilities. The mutual disclosure of all marital property allows Florida family courts to divide assets and debts equitably. However, some spouses want to keep their assets out of the property division process.
What are some signs of hiding assets?
People attempt to hide assets in different ways. They may begin funneling money into a secret bank account, for example. If you suspect your spouse is hiding assets, watch for the following red flags.
- Your spouse begins to withhold financial information.
- Your spouse begins receiving mail at a different address (a post office box, for example).
- Money begins to disappear from joint bank accounts.
- Your spouse seems to be overpaying debts or bills (and perhaps pocketing the cash).
- Your spouse “loans” or gives money to friends or family members.
Those with little knowledge of family finances are especially vulnerable to losing track of marital property. In turn, this could mean they do not end up with a fair settlement.
You can find assets your spouse tries to hide, but you will probably need help. In most cases, an experienced attorney can play a valuable role in your search for hidden property. Whether your lawyer does the leg work on your behalf or partners with financial experts skilled at locating hidden assets, experienced legal representation gives you the best chance of obtaining the settlement you deserve.