Hidden Assets and Division of Property
When a couple goes through a divorce, the separation of assets can be one of the most contentious aspects of the split. With each person attempting to protect his or her interests, some spouses may hide certain assets and undervalue others in order to receive a better share of property during the division of assets. These types of actions are unacceptable, and individuals going through divorce need to be aware of the true value of their assets and any financial transactions that their spouses may use to avoid a fair separation of assets.
During divorce, keeping track of the assets you acquired through marriage can be difficult and confusing. That is why it is important to have a knowledgeable attorney on your side to protect your interests. The Colleyville divorce attorneys of Alexander & Associates are highly skilled lawyers with years of experience representing the interests of their clients. To speak with an attorney today, contact our offices at 817-756-4040.
There are many ways in which a spouse may attempt to keep more assets than is legally allowed. The following are some of the ways assets are hidden during divorces:
- Creating fake business expenses during the divorce and voiding them after the divorce
- Arranging with business partners and employers to delay payment of bonuses or stock options until the divorce is finalized
- Creating custodial accounts for children
- Giving temporary monetary gifts to family or friends that will be repaid after the divorce
- Undervaluing expensive art, jewelry, and other possessions
At Alexander & Associates, our Colleyville divorce lawyers have the skills and resources necessary to uncover hidden assets and will do everything possible to help you claim what is rightfully yours during your divorce.
If you are going through a divorce and are concerned about the possibility of hidden assets, don’t hesitate to contact a Colleyville property division attorney of Alexander & Associates today at 817-756-4040.