When people who are of a high net worth come to the end of their marriage, there is much that needs to be organized and apportioned as part of the marital property division so that the California divorce can move towards a final and legal dissolution. Unfortunately, the more assets that are involved, the more opportunity there is for things to go wrong. One of the most common issues to arise in these situations involves allegations of hidden assets. Anyone who faces this situation should seek the help of experienced San Diego high asset divorce lawyers, and below is a brief overview of this issue.

Ways in Which Assets Are Hidden

The ways in which assets can be hidden are innumerable in nature, but there are some common tactics that are used.  For example, if one of the spouses has an ownership interest in a business, certain salary or bonus payments can be deferred as can certain ownership interest vesting interests.  This will prevent those assets from ever appearing in the marital estate.

In addition, a spouse who is hiding assets may attempt to move some assets offshore or begin to ‘give away' certain assets to others so that the names of the married spouses no longer appear on those assets.  A final example of hiding assets involves simply transferring those assets to an account that the other spouse is not aware of.

Finding Hidden Assets

When a spouse involved in a California divorce suspects that the other spouse is hiding assets, he or she should immediately seek the help of experienced San Diego high asset divorce lawyers who have handled these situations in the past.  If the suspicions of the spouse appear reasonable, that attorney will likely employ a forensic accountant whose profession involves tracking down assets that have been hidden.

If hidden assets are located and their existence is proven, such evidence can seriously harm the case of the spouse who has been engaging in this conduct and several different remedies can be used to achieve equity on the part of the spouse who has discovered what has occurred.  In addition, those assets will clearly be added to the marital estate in almost all cases and divided properly.

Contact San Diego High Asset Divorce Lawyers

If you are contemplating a divorce and you're of a high net worth, you need to take immediate steps to protect your legal rights.  Seek the help of San Diego high asset divorce lawyers who have been fighting for the rights of clients for many years.  Contact the law office of James D. Scott today to schedule an initial consultation.