Is your spouse hiding assets during your divorce?

On Behalf of | Aug 4, 2017 | blog |

Property division is one of the most complicated aspects of a divorce, even for an amicable Ohio couple with relatively straightforward assets. However, this process can become even more complex when the two parties are at odds over the division of marital property or one spouse is not willing to fully disclose assets and income.

If you believe that your spouse is hiding assets, you would be wise to take quick action to protect your interests. Your post-divorce financial future is on the line, and a fair property division settlement is essential to your stability. You have the right to use all of the tools at your disposal to protect your interests.

Ways that you can find hidden assets

You have a rightful claim to a certain portion of all marital property. When your spouse attempts to hide assets or refuses to disclose certain income sources, you can fight back. Some of the ways that you can do this include:

  • Carefully review voluntary disclosures: At the beginning of your divorce, both you and your spouse likely presented disclosures of your financial status. By carefully reviewing these, you can determine if something is missing or incorrect with the voluntary disclosure.
  • Submit request for involuntary disclosure: If the voluntary disclosure is incorrect, you can make a formal request for further disclosures. By law, your spouse must submit to this request. This may involve answering specific questions or providing documents such as bank statements.
  • Depose your spouse: It is possible that you may have the opportunity to depose your spouse, requiring him or her to answer questions about potentially hidden assets. You may use the results of this sworn testimony in court at a later date.

Finding hidden assets may feel like a high-stakes treasure hunt, but you do not have to decipher the map on your own. You will find it helpful to secure the appropriate guidance when facing complex marital property issues.

Laying the foundation for a strong post-divorce future

Divorce is difficult, and issues over hidden assets can lengthen the complexity and duration of the process. However, your post-divorce financial future is at stake, and it is worthwhile not to give in and give up on these assets, but to explore every option available to you. Although it may not seem like it at the time, it is possible, with experienced guidance, to secure a final settlement that is beneficial and allows you to prosper after the divorce is final.