When two people are dissolving a marriage, many areas of their lives will be impacted, such as taxes, pensions, estate planning, credit, etc. Sometimes there can be an attempt by one or even both parties to hide money or assets so they will not have to relinquish it in the divorce settlement. What about the… Continue reading →
Posts Tagged ‘hidden assets’
Hidden assets
Dividing property during divorce is difficult enough without one of the spouses trying to conceal or hide marital assets. It is not only wrong; it is illegal and unethical. However, it is more common than many people realize. Protecting assets in a divorce is very important, especially if one spouse is out for revenge. If… Continue reading →
Discovering hidden assets
During the divorce process, both parties are supposed to account for all of their assets; however, there are times when one tries to hide some. Finding those concealed assets is not always an easy task. Many individuals receive non-monetary perks from their employer, which include: · Frequent flyer miles · Time share purchased during the… Continue reading →
Disclosing assets
When a couple decides to end their marriage, one of the first steps they should take is reviewing their financial status. When a spouse does not accurately disclose his or her assets, legal sanctions and severe penalties can occur. California law requires every person who is a party to divorce proceedings to declare their financial circumstances…. Continue reading →
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