One of the largest parts of any divorce proceedings is the division of assets between two spouses. Throughout this process, the couple’s marital assets will be subject to equitable distribution and distributed amongst them. In these situations, spouses usually do not want to lose the assets they cherish so much. However, it is part of the process. It is never a good idea to hide assets during a divorce. While this is true, there are people who continue to do so anyway. If you believe your spouse is hiding assets in your divorce, continue reading to learn more and contact an experienced New Jersey divorce attorney for help with your case.
How Can Assets be Hidden?
It is important to not take what your spouse says at face value during divorce proceedings. While there are many spouses who can be honest, there is still a chance there can be assets hidden from you. There are several ways that a person could hide assets during a divorce, such as:
- Overpaying on taxes so they can get the money bak in a refund the following year
- Asking an employer to delay a promotion or raise until after the divorce
- Delaying the receipt of a large commission from work
- Transferring assets to a friend or a separate bank account
How Can I Discover Hidden Assets?
If you believe your spouse is hiding assets from you, it can be hard to know what marital assets there are in your case. When facing these situations, it is important to know that there are ways to try and locate your assets. In many divorce cases, outside assistance from a variety of experts may be necessary. For example, in the event that you suspect your spouse is hiding assets from you, you may benefit from hiring a forensic accountant. The job of a forensic accountant is to help find assets you believe may be missing. This is done by looking for unusual transfers or sales in order to track where money goes. Doing so can help you find assets you may have not known even exist.
Contact our Firm
If you require strong legal representation for matters of divorce and family law in New Jersey, contact The Law Offices of Paone, Zaleski & Murphy to schedule a consultation with one of our experienced attorneys today.
