How to find hidden assets in a divorce?

It is sad but true that many spouses attempt to hide assets from their partners during a divorce in order to escape having to split it with their partners. In order to tackle this problem, state legislation in all states has a provision known as discovery which plays the role of an important tool in helping the divorcing spouse unravel hidden assets and sources of income of their partners.

When a divorce proceeding gets underway, divorce lawyers on both sides will generally work to present a full picture of the financial assets and income owned and earned by both spouses. For the most part, these assets are categorized as one of the following three – marital property, separate property, and comingled property.

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Marital property is when the property was acquired during the marriage. On the other hand, separate property is when the property was either acquired prior to the marriage, after separation, or as a gift of inheritance. Lastly, comingled property is that which was acquired during the marriage itself. These are general categories and there may be slight variations as to how this works in different states. The laws or legislation in effect in your particular state will stipulate how your property is categorized during a divorce.

Divorce attorneys point out that even though separate property will remain separate and one spouse will not have any ownership rights on the other’s marital property, it will still come into play as family courts generally tend to consider the value of the individual properties while contemplating how to divide marital properties and mortgages among the two spouses.

You may believe a divorce lawyer will make things worse but you are incorrect. Not only will this process go smoother it will go faster with a legal counselor. Even if you believe you and your spouse are on the same divorce page your decisions may run into discord with the law.   

There is no reason to drag this out, you need legal help and you can find it using this breathtaking and cutting edge website: Divorce.USAttorneys.com. This digital tool will enable you to find the legal help you need so you know your decisions are proper and that you are not treated unfairly in the divorce process. Your lawyer will make sure that your spouse does not hoodwink you and to insure you do not give in when you do not have too.

Finding assets when you are the “out spouse”

The out spouse refers to the spouse who does not really have thorough knowledge of the financial aspect of things, and does not have a full understanding of the assets and income that the other spouse has access to. In such a situation, the lawful way to request this information would be to simply ask the other spouse for copies of all financial information.

In cases where the out spouse is able to find and share all information, the information gathering process is rather simple. However, in many cases either the other spouse is not able to find this information or refuses to disclose all of it. This was not the case in the movie Blue Valentine with Ryan Gosling and Michelle Williams. Neither of them had anything of merit and they both knew it. There was not any property issue or stalemate in the divorce process because someone was hiding anything valuable from another.

In the movie Liar, Liar, that was not the case. One of the spouses, the former husband was well off while the wife was not. She turned out not even appearing to be a caring mother as well but that is another topic. In Liar, Liar, everything was being argued over.

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If you are suspicious that your spouse may be hiding certain aspects and income from you, then it would be prudent to contact a divorce lawyer as soon as possible to get the process of discovery under way.

The divorce discovery procedure

The divorce discovery process is basically a legal process in order to get information and documents from your spouse. The process is initiated by a divorce legal representative and involves several steps such as document demands, interrogatories, requests for admission, inspection demands, and testimonies under oath.

The discovery process takes time and needs a legal expert to properly execute it. If you are facing a roadblock in your divorce due to financial issues, make sure to call a divorce lawyer today. This is the best way to ensure that your rights are protected and that you receive your share of assets and income.