Unfortunately, it is not usual for one spouse to hide assets from the other during the course of a divorce.
This is possible because in many couples, one person takes care of the finances while the other remains uninformed, uninterested or both. However, if you are in the midst of a divorce, it is imperative that you know the full extent of your financial situation. This is especially true for individuals with a high net worth. If you have a lot at stake in a New York City or Westchester County divorce, the law firm of Daniel H. Stock, PLLC, can help. Call us at 475-232-4105 to discuss how you can unearth the full details of your marital estate and bring any potentially hidden assets to light.
Reading The Red Flags Of Divorce
How do you know if your spouse might be hiding assets? In some cases, you may need to hire a private investigator to know for sure. In the meantime, you may want to stay alert for signs that your soon-to-be ex-spouse may be:
• Purchasing expensive items that may remain unnoticed
• Underreporting income
• Overpaying the IRS
• Transferring stock
• Stashing cash in the house or elsewhere
If you’re still not sure if your spouse is hiding income, you may need to enlist the help of a separate lifestyle analyst who can determine, based on your previous lifestyle, the amount of money required to sustain such a lifestyle. He or she can then determine if your spouse’s stated income estimates match up with the lifestyle evaluation.
Whatever happens during the financial negotiations of your divorce can have a permanent impact on your future financial standing. Consult with an experienced asset discovery lawyer who can help you achieve clarity around your financial situation. Make an appointment to speak with divorce lawyer Daniel H. Stock by using our contact form or by calling us at 475-232-4105.