Elmhurst Lawyers for Hidden Assets in Divorce
Skilled Assistance Uncovering Hidden Assets for Clients in DuPage, Lake, and Cook Counties
During a divorce or legal separation, division of property can be one of the most contentious issues. Spouses are entitled to fair and equitable distribution of all marital property. However, if one spouse controls the finances, it can be easy to hide assets and skew the settlement in their favor. To ensure this does not happen, it is important to work with skilled attorneys that understand what it takes to uncover hidden assets.
At Weiss-Kunz & Oliver, LLC, our attorneys have in-depth experience in successfully handling divorces against even some of the largest firms in the Chicago area. We have handled numerous high net worth divorces, and we have extensive knowledge of the complexities of such cases, particularly what to look for if you suspect your spouse may be hiding assets from you. We work aggressively to locate hidden assets to ensure you receive the settlement you deserve.
The Importance of Planning Ahead
Often, the best way to prevent your spouse from hiding assets is to take proactive measures prior to filing. For example, as soon as you are reasonably certain divorce is imminent, make copies of all important financial statements (both paper and electronic) with which you have access. If you can gather a significant amount of financial information ahead of time, it will be much more difficult for your spouse to successfully hide this information from you.
Finding Hidden Assets During a Divorce
The penalties for hiding assets during a divorce can be severe. Not only can the hidden property be awarded to the other spouse during the division of property, but the offending spouse can also be fined or even imprisoned. If you suspect your spouse is hiding something, it may be uncovered during the discovery process.
During discovery, tools such as depositions, interrogatories, subpoenas, requests to produce and motions to compel can be used to bring hidden assets to light. If after employing these methods you still believe your spouse is hiding something, professional investigators may be brought in to perform more extensive searches. At this point, a cost-benefit analysis should be conducted to determine if it is worth spending additional resources on this endeavor.
Ensuring fair and equitable distribution of property during a divorce can be challenging. It is best to take preemptive action (if at all possible) and learn what assets are in play before beginning the divorce proceeding. If you are facing a divorce and suspect your spouse may be hiding assets, contact our office today at 312-605-4041 for a personalized consultation. We will sit down with you to discuss your case and develop the most effective strategy to ensure you receive your fair share of the marital assets.