Discovering Hidden Assets During Divorce

Discovering Hidden Assets During Divorce

Posted By R. Gregory Colvin LLC || 25-May-2017

If you are in the midst of a high net worth divorce, or are about to embark on one, chances are you are worried about what your spouse might do to deny you your share of marital assets or property. It is certainly not an unreasonable fear given that the National Endowment for Financial Education states that spouses in 2 out of 3 marriages hide assets. According to the American Academy of Matrimonial Lawyers, 9 out of 10 attorneys have clients who use a smartphone to spy on and uncover their spouse’s financial tactics. As you can see, this is not a rare problem divorcing couples face.

Follow the Money Trail

Financial actions always leave a trail in spite of all a spouse might do to cover and hide it. If you have developed suspicions that your spouse might be hiding assets, it is time to take an active role in your finances and do some detective work. Look for clues in their social media accounts or sift through the browser history. Here are some other ways you might be able to discover whether or not your spouse has been hiding assets:

  • Hire a forensic accountant
  • Seek the help of a private investigator
  • Install spy apps on smartphones
  • Examine your tax returns
  • Install advanced software to locate any discrepancies in financial statements
  • Install hidden GPS devices in your spouse’s car to find out about secret ATM withdrawals

It is also important to note that this is not an undertaking you should take solely upon yourself. It is crucial to consult a skilled and experienced divorce attorney who is able to handle a high net worth divorce as well as uncover hidden assets. A quality law firm will have the necessary, cutting-edge technology to help you discover the information you require and ensure your spouse does not cheat you out of assets that are rightfully yours.

Knowing Where to Look and What Questions to Ask

You can only do so much personal investigation on your own due to privacy laws, but your efforts will not go wasted. Even if you are only able to acquire minimal information, every bit helps during negotiation settlements. Any information you are able to obtain will also help lead the way for your attorney, who will know exactly what to look for and what to ask.

High Net Worth Divorce Attorney in Florida

Divorce can be complicated, and the stakes are often even higher in a high net worth divorce case. If you are concerned and believe your spouse might be hiding assets, it is crucial to seek the help of a qualified divorce lawyer who knows what to look for and how to protect your share of assets. At the law office of R. Gregory Colvin, LLC, we offer compassionate, empathetic, and effective counsel to individuals going through personal, financial, and legal difficulties in family courts. Our specialized approach will help pave the way for you to secure the happy future you deserve as you begin a new chapter in life.

Our lead divorce lawyer has more than 25 years of legal experience. In addition to tackling high net worth divorce cases, we are adept in handling child custody and support, alimony, modification issues regarding matters of domestic violence, and relocation. Let our dedicated team help you through this process.

Contact us today to schedule a consultation with one of our Orlando divorce lawyers.

Categories: Divorce

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