What Happens If Your Spouse is Hiding Assets During a California Divorce?
June 29, 2022, In Divorce
At WHITMARSH FAMILY LAW, PC, our Los Angeles divorce attorneys know that not all spouses know the extent of their marital finances. This is especially true when one spouse oversees all the couple’s financial matters during the marriage, including monthly expenses, debts, and asset management.
One fear our Los Angeles family law attorney hears often in these cases is, how do they know if their spouse is attempting to keep more than their equitable share of the marital property?
To help allay these fears, our California laws require full disclosure of all property, assets, and money for division in a divorce. It is also important to point out that hiding assets during a divorce is illegal.
Here are a few ways to ensure your spouse is fully identifying all marital assets to help protect your future.
How Can I Look for Discrepancies in How My Spouse Reports Our Marital Assets?
If you believe your spouse is being less than forthcoming about your marital finances and are unsure where to start identifying the marital property, the first thing you should do is contact an experienced divorce attorney in Los Angeles.
Common signs that one spouse is not fully disclosing all financial information may include:
- A history of dishonesty or secrecy in other important marital matters.
- One spouse has made a point to exclude their spouse from their financial decision-making.
- The number of items or accounts listed in the disclosure seems less than they expected.
- Details about the nature of the accounts listed in the disclosure seem inconsistent or unusual.
At WHITMARSH FAMILY LAW, PC, we assist our clients in outlining an inventory of their finances, property, and other assets to ensure all the marital property is accounted for before the case proceeds.
Our California family law firm has professional relationships with experts who will assist in our investigation and accurate valuations of the marital property, including forensic accountants, actuaries, appraisers, and others, so you can stop searching for hidden assets on your own.
Hiding assets during a divorce is more than an ethical dilemma. It is illegal. If your spouse is caught hiding assets, he or she may face severe monetary fines or a perjury charge.
Contact WHITMARSH FAMILY LAW, PC Today to Schedule a Free Consultation
If you have questions about divorce and property division in California, contact our skilled family law attorneys in Los Angeles County at WHITMARSH FAMILY LAW, PC by calling 310-552-3505 to schedule a free consultation today.
We can help provide solutions that produce results.