There are many different parts to a divorce. One of the most significant is the division of assets between the two spouses. During this time, the marital assets owned by the couple will be subject to equitable distribution. This divides the assets fairly between them. When facing these situations, spouses usually do not want to lose assets they love. This may lead them to want to hide assets from their partner during a divorce. However, it is never a good idea to do so. If you believe your spouse is hiding assets, continue reading to learn more and contact an experienced New Jersey divorce attorney for help with your case.
How Can Assets be Hidden?
When going through divorce proceedings, it is important to not always take what your spouse is telling you at face value. While there are cases in which spouses are honest, there is a chance there are assets hidden from you that you are not aware of. The following are different ways that a person can hide assets during a divorce:
- Overpaying on taxes so they can get the money bak in a refund the following year
- Asking an employer to delay a promotion or raise until after the divorce
- Delaying the receipt of a large commission from work
- Transferring assets to a friend or a separate bank account
How Can I Discover Hidden Assets?
It can be difficult to have a full understanding of what marital assets there are in your divorce case if your spouse is hiding assets from you. It is because of this that it is important to be aware of the ways you can try and locate these assets. There are many divorce cases that can benefit from the assistance of an outside expert from a certain field. If you believe your spouse is hiding assets from you, you may wish to hire a forensic account. The job of this individual is to work towards finding assets you may believe are missing in your case. This is done by looking into unusual transfers or sales to track where your partner’s money is going. This can help to discover what assets you may not have even known existed.
Contact our Firm
We understand that those getting a divorce most likely have several questions regarding the weeks and months to come. Paris P. Eliades Law Firm, LLC is honored to serve the people of New Jersey, including Sparta, Sussex County, Morris County, Passaic County, and Bergen County with the quality legal services they deserve. If you are getting a divorce or have any other questions regarding divorce-related matters, please do not hesitate to contact our firm for a consultation today.