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Hiding your assets from your spouse

Going through a divorce is difficult, and many couples want to get through it as quickly as possible. Getting through it with as little stress and conflict is ideal if you want to move on. But long legal battles have now become a part of many divorce proceeding. Once the divorce agreement is signed, it difficult to have it changed. It is important to negotiate properly and work out all the small details of the divorce agreements before signing.

If you and your spouse have been married for several years, the division of property can become a  complex issue. This is because you likely have valuable assets and those assets can become a source of conflict during negotiations. During this process, it is important for both spouses to be clear about all their assets and properties. But sometimes spouses are not completely honest about their property in an attempt to protect them.

A spouse may try to keep assets from their ex. For example, hidden cash or inherited property. This is done using several complicated techniques:

  • In some cases, a spouse might try to make payments to friends or family that are later returned after the divorce agreement is finalized.
  • Issuing paychecks to nonexistent employees in an attempt to hide assets.
  • Arranging for their employer to hold their salaries and bonuses until their divorce agreement is completed.

Hidden assets may be difficult to locate. An experienced attorney can help locate hidden assets, especially through electronic trails. If you are in such a position, you might want to consider hiring an attorney who has experience finding hidden assets. An experienced attorney will try to ensure the divorce negotiations are fair and everything is out there on the negotiation table.

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