Identifying Hidden Assets in Divorce
In the process of a divorce, one of the most contentious issues can be the proper and fair division of marital property. Texas clearly identifies property which is considered to be part of the marital estate, and a judge will typically order an equal division of these assets between the two parties. While this can be a straightforward matter in an amicable separation, a dishonest spouse may attempt to conceal the full extent of their assets in order to avoid a fully equal division of property.
At Holmes, Diggs & Sadler, we understand that managing a divorce can be a challenging undertaking that may result in an extremely skewed settlement without proper legal guidance. Thus, our legal team works diligently to help ensure that our clients’ rights and interests are fully protected, especially when it is suspected that assets are being hidden. To learn more about your legal options during a separation, call our Houston divorce attorneys today at (713) 802-1777.
Ways in Which Assets May Be Concealed
A skilled attorney will be able to identify some of the strategies that a dishonest spouse may attempt to use to conceal the full value of their worth in order to retain that money after the divorce is finalized.
- Colluding with an employer to delay any bonuses, raises, and other benefits to a time period in which they will be considered separate property
- Paying for the expenses of a girlfriend or boyfriend, such as gifts, rent, tuition, or travel
- Concealed retirement accounts
- Artwork, collectibles, antiques, and other items which may be undervalued or unlisted as an asset
- Unreported income
- Making a phony debt repayment to a friend in order to conceal assets
With representation that is experienced negotiating property and asset divisions on your side, you can feel more confident that you are prepared for anything that arises during the course of your legal separation.
If you are considering divorce or have already begun the process, having effective legal representation on your side is an absolutely vital step in protecting your rights and interests as you move forward. The Houston divorce lawyers at Holmes, Diggs & Sadler possess a wealth of resources and skill that are applied to every client’s case, and will work diligently to help you reach a fair and equitable settlement which accounts for all property held in the marriage. For a consultation to discuss the details of your case, call us today at (713) 802-1777.