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Find Answers To Your Legal Questions.

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How can you find hidden assets in a high-asset divorce?

On Behalf of | Dec 12, 2021 | blog, Divorce | 0 comments

If you and your soon-to-be ex-spouse have substantial wealth, you are likely to start the next chapter of your life in a good financial position. After all, in Tennessee, divorcing spouses typically receive an equitable share of their marital estates. This means you should receive a fair settlement even if you do not end up with precisely half of everything you and your spouse own.

Nevertheless, if your husband or wife lies about money, you may receive considerably less than you deserve. While your spouse has an obligation to disclose all marital assets to you, you may have to take steps to locate anything that has gone missing. Fortunately, you have some options for finding hidden assets.

Options for finding hidden assets

If you even suspect your spouse may be trying to gain an unfair financial advantage before or during your divorce, you should tell your attorney immediately. Here are some ways divorce lawyers uncover hidden wealth on behalf of their clients:

  • Hiring an experienced financial investigator
  • Asking about financial deception during depositions
  • Reviewing bank statements, retirement accounts and other financial records
  • Looking into spending habits and lifestyle

Your legal remedies

Judges in Tennessee do not look fondly on those who do not play by the rules. If you have evidence your spouse is hiding marital assets, a judge may award the hidden asset to you. He or she may also require your husband or wife to pay the expenses you have incurred in locating missing wealth. Additionally, if your spouse engages in fraud or breaks other laws, prosecutors even may bring criminal charges.

Ultimately, even if your spouse mostly seems to be an honest person, watching out for your financial interests is more imperative than ever during your divorce.