Hidden Assets
Hiding assets during your divorce is not only immoral – it’s illegal. Your spouse may be entitled to these assets, and hiding them gives you an unfair advantage when you’re dividing property. It is also likely that you will be caught; an experienced attorney or investigator will not have a highly difficult time finding hidden assets.
If you suspect that your spouse isn’t letting on the real value of his or her assets, it’s important to stand up and fight for your rights. To learn more about your legal rights during a divorce, contact the West Palm Beach divorce attorneys of Eric N. Klein & Associates, P.A., by calling 561-353-2800 today.
Common Hidden Assets
If you’re going through a divorce, it’s important to be familiar with the places your spouse might hide assets. Don’t let yourself be taken advantage of. Stand up for what’s rightfully yours. While this list isn’t complete, it will give you a good idea about some of the most common undervalued items:
- Collectibles. Your spouse may have old collectibles or items that you assume are junk. However, coin collections, old books, baseball cards, and even comic books can have significant value.
- Artwork. Artwork as investment items are likely to fluctuate widely in value. Make sure you have any paintings, sculptures, rugs, or valuable prints appraised prior to completing your divorce.
- Hidden money. This can be more difficult to find, but there are certain telltale signs. One common trick is to “gift” friends money, or repay debts that don’t exist, then get the money back after the divorce is over. If you suspect your spouse is pulling a fast one, it may be in your best interest to talk to an attorney immediately.
Before making any lasting decisions about diving property with your spouse, make sure you fully understand your rights and responsibilities.
Contact Us
If you’re going through a divorce, don’t let your spouse take advantage of you. Stand up for your rights. To learn more, contact the West Palm Beach divorce lawyer, Eric N. Klein, by calling 561-353-2800 today.
