Hidden Assets In A Divorce Cause Problems

1. Hidden Assets In A Divorce Cause Problems

2. Nobody gets into a marriage thinking that it will end. However, there are times when separation is the best thing for both parties. When that happens, you may discover that your spouse is hiding assets during the divorce proceeding. If you suspect this is the case, you should seek legal assistance as soon as possible. At the Law Offices of Stephanie L. Mahdavi, you can count on having someone by your side who will fight to uncover the truth, an advocate that will ensure you are treated fairly. When you need a high asset divorce attorney, call them today.

3. Why Would Someone Hide Assets? All property acquired during a marriage is owned equally by both spouses. This can lead to problems during a divorce, as one or both parties may attempt to hide some assets from the other party. This may seem like a tough task to accomplish, but it happens more often than people realize.

4. Why Would One Party Try To Hide Assets? They disagree with how much they will have to split with the other party. Since all property will be split equally, one spouse may feel that they are entitled to more if they think they have earned it. 01 02 They think the other spouse is hiding assets. It could be that neither spouse trusts one another and they are both hiding assets. 03 04 To lower their child support payments. By devaluing their earnings and assets, they may be trying to ensure they pay less out in eventual support payments. child support or alimony They just do not get along with the other spouse and want to deny them the ability to enjoy many of the assets.

5. Where To Look Regardless of a person’s reasons for hiding assets, it is illegal. If one spouse believes that the other spouse is hiding assets, they can take steps to discover the deception. An attorney will be able to use a process known as discovery to: Demand documents that would disclose financial records. This can include tax returns, loan applications, and records from banks. Force your spouse to testify under oath. Inspect any safe deposit boxes. Discovery is the best way to gain access to the information your spouse is withholding because the court can compel compliance. If a spouse lies under oath, they could be charged with perjury.

6. They know that going through a divorce is never easy. The process of dividing assets can be incredibly complex. If a spouse is intentionally hiding assets, then the situation can become much more complicated. For those with a significant amount of property and assets, it is important that you have an attorney helping you through the proceedings. At the Law Offices of Stephanie L. Mahdavi, you can count on having a qualified Thousand Oaks high asset divorce attorney by your side. What Stephanie L. Mahdavi Can Do To Help

7. Contact: Law Offices of Stephanie L. Mahdavi A Professional Law Corporation Address: 4530 E Thousand Oaks Blvd, Suite 200 Westlake Village, CA 91362 Phone No: 805-379-4550 Website: https://www.slmfamilylaw.com/contact/