Sometimes, in a divorce, a spouse will take steps to hide assets so that they can keep them after the divorce is finalized. Spouses who suspect their soon-to-be ex is taking these measures should be sure to speak with an attorney.
The division of assets and debts is a critical issue that must be dealt with in any divorce. In some divorces, couples can negotiate agreements to divide their property. In others, they need the court's help to do so and, as such, file a contested divorce. Unfortunately, sometimes in either of these circumstances, one spouse attempts to hide assets. By hiding assets, they can't logistically be subject to Texas property division laws or the court's ruling. Hiding assets is particularly common in high asset divorces. Suppose you think your spouse might be trying to do so. In that case, you need the representation of an experienced and aggressive Sugar Land property division lawyer as soon as possible.
Ways Spouses Hide Assets
There are many different ways that spouses can hide assets, depending on the types of assets the couple owns and how aware of them the other spouse is. Here are some of the most common:
Buying expensive items such as artwork, antiques, and collectibles, underreporting their actual value, and reselling it after the divorce to recoup the money.
When you hire a Sugar Land property division attorney, you have someone on your side who can help you take the appropriate steps if you find or suspect that your spouse is attempting to hide assets.
Signs Your Spouse Could Be Hiding Assets in Your Divorce
Do You Suspect Your Spouse is Hiding Assets? Contact a Skilled Sugar Land Property Division Lawyer
At Jaime Jordan, PLLC, we are well-versed in the ways in which spouses hide assets and how to combat this illegal and unethical behavior. All you have to do is reach out for help. Schedule your legal consultation today by calling (832) 463-4933 or contact us online.