During a divorce, there are a multitude of financial issues that will need to be addressed. Many of these are related to the property and assets a couple owns, as well as the debts they owe. The division of marital property can be a complicated matter, especially in high net worth divorce cases in which a couple may own multiple types of valuable property ranging from physical belongings, real estate, and vehicles to financial assets such as investments and business interests. In some cases, the process of evaluating and dividing marital assets can become more difficult due to attempts by one spouse to hide assets from the other and unfairly influence the outcome of their divorce.
Concealed assets can be a difficult matter to address during a divorce, and in many cases, a spouse may struggle to identify the different types of property they own, uncover inappropriate actions by the other party, and ensure that all assets and debts will be divided fairly and equitably. The skilled divorce lawyers of Weiss-Kunz & Oliver, LLC have represented clients in a wide variety of divorce cases, and we understand the complex factors that can influence the division of marital assets. We know how to identify assets that have been concealed and ensure that these issues will be addressed correctly. Our goal is to ensure that our clients can achieve a fair outcome to their divorces that will provide them with the financial resources they need to succeed in the future.
Reasons Why Spouses May Attempt to Hide Assets
In many cases, divorcing spouses recognize that as they separate their lives from each other, they are both entitled to equally share the property they have accumulated. However, the divorce process often involves conflict, and the breakdown of a couple’s relationship can lead to disputes about how property should be divided and whether one party is entitled to receive certain assets. These disputes can lead spouses to take actions outside of the legal process, and by concealing assets from their spouse, a person may seek to influence the outcome of their property settlement.
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