When you are going through a divorce, your emotions can range from sadness to anger to frustration and confusion. Depending on the role you played in your spouse’s life, as a supportive spouse, you may want to be compensated for everything you put into the marriage as well. Generally, we know what our spouse is worth or can at least guess their worth, but sometimes this is not the case–especially if your spouse has assets that have been hidden. Because this scenario is more common than most would think, it is important to seek legal advice or representation if you have suspicions that assets have been hidden in the midst of a divorce. If you or a loved one is going through a divorce and believes that your spouse has hidden assets, contact an experienced North Carolina divorce attorney to help you strategize about the best possible outcomes for your case.
Finding Hidden Assets
When you suspect that your spouse has hidden assets, one of the most common ways to determine this is by requesting bank statements or searching for hidden documents such as tax forms or statements received from the bank. Though this is the most common, the matter can become complicated if independent accounts are being used to hide these assets. In the event your spouse has attempted to hide these assets it is important to pay close attention to your own accounts to determine whether money has been transferred to different accounts in the name of your spouse.
In some cases, if you have a suspicion that your ex-spouse is hiding assets, seeking professional help is of the utmost importance. This help can come in the form of an attorney as well as a specialized professional such as a forensic accountant that specializes in fraud or concealment or personal investigator that looks into the assets of others. While the financial professional can help determine whether any other accounts and assets exist, your attorney can file a motion for discovery in which your spouse is required to disclose any and all assets. In the event your spouse has hidden assets, your attorney has options available to them that range from putting specific contractual terms in settlement agreements to contacting the IRS requesting specific tax forms. Because this process can be complicated and confusing, it is invaluable to seek legal advice and representation if you find yourself in this situation.
Need Legal Advice?
Divorce is hard—not only emotionally, but mentally and financially as well. So when you discover during a divorce that your ex-spouse has hidden assets the range of emotions that you may encounter may not be few. Though you may be upset and frustrated, there are avenues that you and your attorney can take to ensure that your spouse is penalized for hiding assets in the midst of a divorce. Because of this, if you or a loved one has a suspicion that your divorcing spouse has hidden assets, contact an experienced North Carolina divorce attorney at The Law Office of Dustin S. McCrary to help you with your case. We will advocate for you to ensure that you receive the best possible outcomes for your case. Contact our office today for a consultation.