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Home Blog San Diego Family law Warning Signs That Assets are Being Hidden

San Diego Family Law

James D. Scott, Certified Family Law Specialist in San Diego specializing in divorce mediation and high profile, high net worth divorces.

Warning Signs That Assets are Being Hidden

Posted by San Diego Family law
San Diego Family law
James D. Scott, Certified Family Law Specialist in San Diego specializing in div
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on Wednesday, 17 August 2011 in Family Law
One of the most common problems faced in high asset divorce cases arises when one of the spouses is hiding assets from the other before the divorce is filed and the property division process can begin. This is obviously done in order to reduce the value in assets that are deemed to be marital property and therefore subject to division. Fortunately, there are some warning signs that have been identified over time that could indicate that such conduct is occurring.

Specifically, examples of these warning signs include the cessation of the delivery of financial information such as bank statements or investment portfolio updates to the home.  There are also other steps that should serve as warning signs, such as a sudden drop in the income of one of the spouses, larger payments than usual to creditors or just about any other conduct that will seem strange after years of doing things a certain way.

Overall, spouses who suspect that this conduct is occurring need to trust their instincts and pay attention to their spouses when finances are discussed.  For instance, if a spouse suddenly becomes extremely defensive or controlling when it comes to finances, it could be a signal that he or she simply does not want to discuss the situation for fear of having to cover up conduct that's been taking place.

San Diego High Asset Divorce Lawyers

Fortunately, there are options for recourse when a spouse has been hiding money from a spouse in an effort to get ahead of a California divorce.  Working with San Diego high asset divorce attorneys who have experience with these cases can lead to the employment of a forensic accountant who can track these assets and help to make sure that they are included in the marital estate that is to be divided pursuant to the divorce.

If you are about to become involved in this sort of a divorce, you need to seek the help of San Diego high asset divorce lawyers who have been fighting for the rights of their clients for many years.  Contact the law office of James D. Scott today to schedule an initial consultation.

James D. Scott, Certified Family Law Specialist in San Diego specializing in divorce mediation and high profile, high net worth divorces.

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