Jacksonville Family Law Attorney Discuss Hidden Assets in Divorce
Hidden and Unreported Assets
Even in an amicable divorce, the process of identifying all assets, income sources, and liabilities, and dividing them in a manner that is fair for both parties can be quite complicated. But when one of the parties is hiding assets for him/herself, the process becomes far more challenging.
If you are going through a divorce in Florida, it is absolutely vital that you consult with one of our experienced Jacksonville divorce attorneys at Farah & Farah. Your spouse may attempt to cheat you out of bank accounts, cash, jewelry, and other valuable assets, but our legal team will make sure that doesn’t happen. With the help of forensic accountants and other financial specialists, we will expose all hidden marital assets to ensure that you get your fair share.
To schedule a free, comprehensive consultation with us today, call (904) 263-4610 or (800) 533-3555. Our line is open 24 hours a day, seven days a week.
Where Are Assets Usually Hidden?
Both parties to a divorce have a court-imposed duty of financial disclosure toward the other spouse, which means they must reveal all information about their property, bank accounts, stock options, valuable objects, and other forms of property and income. Sometimes, one spouse will fabricate his or her finances, using various simple and sophisticated techniques, including the following:
- Undervaluing purchases, such as antiques, vehicles, and other valuable personal property
- Falsifying income reports at tax time
- Transferring assets to a third party
- Physically hiding cash and other valuable assets
How Can a Florida Attorney Help Me Reveal Hidden Assets?
At Farah & Farah, our attorneys use the full range of discovery tools to expose hidden or diverted assets and income, such as:
- Filing a "product request" of financial documents
- Requesting the deposition of a spouse
- Requesting for admission or denial of key financial details
- Sending out a subpoena requesting financial information
We also know how to locate discrepancies in tax returns, profit and loss statements, and other important financial documents.
Let Us Fight for You
If you have questions about assets or other issues involved in the Florida divorce process, please don’t hesitate to contact our office today for answers. We will provide you with a thorough understanding of your legal situation and lend you guidance on the best path towards an optimal case outcome. It is our top priority to provide client satisfaction from beginning to end. Call us at (904) 263-4610 today to get the reliable legal counsel you need to secure a better future.