Is Your Spouse Hiding Assets In Divorce?
Florida law calls for an equitable division of marital assets in divorce. In many cases, that means an equal or nearly equal share for each spouse. Fair property division requires full financial disclosure from each spouse. This is so important, in fact, that spouses who try to conceal assets can face serious court-imposed penalties.
If you believe your spouse will attempt to hide assets in order to deprive you of your fair share of the marital estate, you need an attorney who will dig into the details and uncover the truth. In Pompano Beach and throughout South Florida, look no further than the Law Office of Cheryl Bucker, P.A. With over 40 years of combined legal experience, our two dedicated family law attorneys use every tool at their disposal – including collaboration with forensic experts – to find hidden assets and ensure that the court is aware of the dishonest spouse’s actions.
Common Types Of Hidden Assets And Concealment Methods
Hidden assets are most often a factor in divorces where a couple has significant wealth and/or one spouse primarily handles the family finances. Some assets and concealment methods to be concerned about include:
- Offshore accounts
- Physical assets that are not on the books
- Intellectual property that might not be capitalized
- Digital assets like software or digital content
- Unrecorded revenue streams or underutilized resources
- Personal checking or savings accounts opened without the other spouse’s knowledge or consent
The timing of certain actions could also indicate an attempt to hide assets. If your spouse has opted to delay job-related benefits like stock options, bonuses or a pay raise, for instance, this would warrant closer scrutiny from your divorce attorney.
Our Team Leaves No Stone Unturned
An experienced and tenacious lawyer is your best defense against financial deception. Our attorneys pore over personal and business tax returns, bank statements, accounting records and other documents in search of inconsistencies that cannot be chalked up to error. They also utilize the power of subpoenas, depositions and input from forensic experts to follow every trail wherever it may lead.
This can be painstaking work, but the results could leave you in a much stronger financial and legal position during and after divorce.
Discuss Your Concerns With Our Skilled Divorce Lawyers
From our Pompano Beach office, the Law Office of Cheryl Bucker, P.A., serves clients throughout South Florida. To request a free 30-minute initial consultation, just call 954-372-2062 or 866-776-0102 , and you can reach out online.