Frisco Divorce Lawyers

Hidden Assets

The desire to retain assets and property for oneself in a divorce is reasonable, though most individuals do have to part with many of their assets once a divorce settlement has been reached. However, individuals will sometimes hide assets so that they do not have to risk losing them to their spouse in a divorce. Assets can be hidden under different names, held in banks based outside the jurisdiction of the U.S., reserved under business expenses, or simply undervalued.

Individuals undergoing a divorce should seek as much information as they can to ensure they receive the proper settlement at the time of separation. Contact the Frisco divorce attorneys of Alexander & Associates at 972-420-6570 if you suspect that you are being taken advantage of by your spouse.

Types of Hidden Assets

The following list should provide you with a basic understanding of the types of assets that are usually hidden:

• Fake business expenses while going through a divorce, which would conveniently be voided upon completion of the divorce
• Arrangements with employers to delay paying income such as stock options, bonuses, and commissions until after the divorce
• Custodial accounts in a child’s name and social security number
• Payments made to family members, friends, or other persons for the sole purpose of recovering it after the divorce
• Antique and artistic collections, sporting equipment and jewelry collections, and other items that may be undervalued to hide their true worth

The Frisco divorce attorneys of Alexander & Associates have extensive experience working with forensic accountants and expert witnesses in locating, categorizing, and recuperating hidden assets for their clients, and will fully utilize every legal option to do the same for you.

Contact Us

If you are worried that your spouse might try to hide assets from you, try to collect as much information as possible, and seek legal counsel from the Frisco divorce attorneys of Alexander & Associates. Contact us at 972-420-6570 today for a consultation.