Uncovering Hidden Assets During Divorce
As a community property state, California places strict rules on property division during a divorce. The goal is for each spouse to leave the union with an equal share of the property acquired during the marriage. Unfortunately, divorce is seldom a friendly event and it can cause individuals to use deceitful tactics to get the upper hand.
The Orange County Law Offices of Dorie A. Rogers can help you work to uncover hidden assets during a contentious divorce. Attorney Dorie A. Rogers has nearly 30 years of real-world experience helping ensure individuals receive a fair division of property.
Community Property
Under community property codes, during the marriage each spouse has 100% control of their marital assets and property. You can sell property. You may gift assets. You can liquidate an account. However, you and your spouse are also liable for the same fiduciary duties as held by business partners.
The key is disclosure. During your marriage, you are responsible for openly communicating your actions and dealing fairly with your spouse. To hold spouses accountable, the law places steep monetary sanctions, or penalties, on the spouse who hides assets.
Disappearing Assets
We recognize the fact that most couples are not aware of their fiduciary obligations in marriage. Seldom do both spouses have a complete understanding of the extent of their marital assets. When you engage in complex property division, the situation can be both confusing and frustrating.
Recalling what you had before your marriage, what you acquired during your marriage and what you hold in other states can be difficult. When you and your spouse do not discuss financial matters openly, it may make it easy for your spouse to hide assets.
Uncovering the Truth
Our legal team can bring in forensic accountants as soon as possible to help trace your assets. These specialists can help determine which property or assets are community property (belonging to both of you) and which may fall into other categories. Their investigation can also determine the location and value of hidden assets. In tracing assets, these investigators evaluate your:
- Bank accounts
- Retirement benefits
- Real estate
- Stocks
- Bonds
- Business revenues
- Foreign bank accounts
- Overseas assets
California Marital Property Division Lawyer
If you suspect your spouse is hiding assets, timing is critical. The sooner we can bring in forensic accountants and investigators, the more likely we are to uncover the hidden assets. These evaluations require significant time, as well. Do not hesitate to call a lawyer.
Call Us Today
For more information, or to schedule a consultation, please call us at 714-602-1492 or send us an e-mail.
