Discovering & Distributing Hidden Assets
If you suspect your spouse is trying to hide assets during your divorce process, it is imperative to contact an experienced family law attorney immediately.
- Home
- Law Practice Areas
- Family Law
- Property Division
- Hidden Assets
Exposing Hidden Assets
When you and your spouse pursue a divorce in the state of California, at the outset of the case, both parties are required to disclose all material facts and information regarding all assets, bank accounts, and debts. This disclosure must be truthful to the best of your ability and knowledge, and include everything from your bank accounts to your real estate assets to your intellectual property and your income. However, this does not stop some people from attempting to hide assets from their spouse, a practice that has significant consequences in family court. The penalties when hidden assets are discovered can include greater distribution to the innocent spouse and possibly even perjury charges if one is found guilty.
At Cage & Miles, our team of professionals work quickly to help you discover hidden assets, and bring to light any red flags in your ex’s property disclosure statement, while ensuring your property is divided fairly and equitably. We have been recognized as one of the premiere choices in San Diego, exemplified by our Avvo Clients’ Choice for Family Law award and being named to the list of Best Lawyers for 2021.
Declaring Assets Can Be a Complex Process
Discovering hidden assets is not always straightforward. If you suspect your spouse has hidden assets, an attorney or forensic accountant may be able to help you find any loopholes or red flags in your financial records. It’s important to bring these issues to the attention of a family law attorney right away since a statute of limitations may attach to the date you knew or should have known about a failure to disclose. Even if your divorce is already complete, if you discover a potential hidden asset or fraudulent claim made by your spouse, the issue can be rectified with the proper legal help. We may be able to help you with potentially hidden assets, including:
- Hidden or missing money
- Real estate
- Intellectual property
- Retirement accounts
- Intentionally depressed income available for support
- Business interests
Areas of Family Law
Property Division
In California, the general default rule is that all community property shall be divided equally between the two spouses. Community property is defined as all property acquired during the marriage except by gift, inheritance, or bequest. Property division can become complicated if one spouse makes separate property claims or fails to disclose certain assets or their values.
Blog
Top Asset Protection Strategies for Your California Divorce
| July 14, 2023
When couples divorce, their marital assets need to be divided. However, dividing those assets can prove to be difficult, especially when disputes..
Your Guide to Equity Compensation Rights During Divorce
| June 28, 2023
Given the rise of technology industries and the employment changes fueled by the COVID-19 pandemic, many companies have sought innovative ways to..
What Not to Do in a High Net Worth Divorce in Los Angeles
| June 13, 2023
Divorce can be an emotionally difficult and financially overwhelming process. This is especially true for a high-net-worth family. The divorce..
Our testimonials
"Michele defies all the stigmas attached to family law attorneys. Her integrity, pragmatic approach to problem-solving, and ardent commitment to her clients are only a few of the qualities that have prompted me to retain her services on more than one occasion."
-
Former clients share their experience
"From my first meeting with Michele, I felt that she had my best interest at heart. She is obviously a consummate professional with scrupulous attention to detail. She formulated a plan for us to move forward with and was honest with me as to what to expect."
-
Former clients share their experience
"I appreciate the efforts of everyone at the firm to make this happen in 2018, and make it as easy as such a process can be. Your diligence and attention to detail were exceptional! I am very pleased with all aspects of the settlement, and could not have hoped for a better outcome!"
-
Former clients share their experience
Get a 30-Minute, Free Consultation
