In hotly contested divorces, spouses are not always forthcoming about their assets. Sometimes this is inadvertent; other times it is intentional. Either way, undisclosed assets create problems because property division can’t proceed fairly without everything on the table.
At Shulman Family Law Group, the most common hidden assets we discover include:
Personal assets mingled with business assets
Offshore financial accounts
Overseas investments and real estate
Property placed in the name of a third party
Undisclosed retirement accounts, trusts and other funds
Hidden assets are sometimes discovered after the divorce is finalized. Those assets can still be divided by court order. This “second chance” to discover assets is only permitted in certain circumstances and within a certain time frame. Ask our lawyers whether this opportunity applies to your situation.