The safety of our employees, clients, and community is our primary concern. Due to the county’s recent shelter-in-place order, our physical offices are currently closed. Our attorneys are still working and are available via email and phone. A staff member will gladly assist you by phone or you may refer to our website for each attorney’s email address, assuming you do not have it already.

If you are a potential client interested in scheduling a call with one of our attorneys, please call our office or email [email protected]. A staff member will reach out to you to schedule a consultation by phone.

We wish you continued good health and look forward to reopening our physical offices soon. In the meantime, please stay safe.

Strategically Overcoming
Complex Problems

Tracking down hidden assets during divorce

It’s true that many people want to amass and keep as much as possible for themselves during their lifetimes. But that doesn’t bode well when California couples are divorcing   when one spouse has made the decision to hide assets from the other. In a divorce situation, all assets should be on the table, so what’s one person to do if he or she suspects the other of hiding assets?

Having a handle on how assets might be hidden is the first step to uncovering them. Experts believe there are four ways of hiding assets. The first way is to deny their existence altogether, while the second is having them transferred to a third party. The last two ways are asserting that the asset was lost or creating false debt.

Hidden assets could be found by poring over old tax returns, but that could still prove difficult. It’s also wise to check places documents may be stored such as safes and safety deposit boxes. Especially during a high asset divorce, it may be a good move to get the help of experts experienced in unearthing buried assets – such as a forensic accountant and a lawyer.

Former partners must divide their assets equally in a divorce. California residents who suspect assets may be hidden may find the needed help by consulting with an experienced attorney who knows where and how assets can be hidden, how they can be found and how to best address the issue during court proceedings. A lawyer understands the complexity of the division of assets and tracking down those that may be undercover.