When a couple divorces, dividing property is one of the most important and potentially complex processes they will face. As is so often the case when wealth is at stake, emotions can run hot. This can be especially true if the couple has been together for a number of years and have accrued substantial holdings of property and assets.
Of course, the simplest way to make sure that both parties receive their fair share is by accounting for all of the assets eligible for division at the beginning of the proceedings. Sometimes, one party may try to keep certain assets secret to prevent them from being divvied up.
If you suspect your soon-to-be ex-spouse has not been forthcoming in revealing all of his or her assets, you may have to do some investigating. There are several ways to search for hidden assets, some of which you might try yourself.
For example, one simple thing you may be able to do is check his or her web browsing history. When doing this, look for things that indicate any financial activity that you were not aware of. Look for things like new investment brokerage accounts or visits to new banks.
A tax return can also provide you with incriminating evidence. Real estate investments and owned homes must be reported on tax returns. So check to see if there are any such holdings of which you were not aware declared on the returns.
The fact is, trying to unearth hidden assets can be very difficult if you don’t know all the places to look. There are countless ways to hide money and property holdings. Unless you are familiar with such searches, you may never discover the full measure of the wealth your ex is withholding.
A Texas high-asset divorce attorney may be able to help you bring those hidden assets to light so they can be subject to division. An experienced attorney can utilize the services of CPAs, forensic accountants and similar experts to help ensure you have the opportunity to receive an equitable settlement.