You may be surprised to know that, in California, married partners are held accountable to the same fiduciary duties as business partners. This means that during the division of property you are required to disclose all assets at all times, and openly disclose the information to your spouse.
The court holds you responsible for your duties until community property is divided. Therefore, if you or your spouse tries to hide assets, you breach your fiduciary duty. The court can punish the guilty spouse through monetary sanctions such as awarding 100 percent of community property to the other spouse.
In California, when you divorce, automatic temporary restraining orders are put in place to protect you and your spouse. These automatic orders are designed to prohibit either party from divesting, selling or transferring property to someone else in order to hide or liquidate community property. The divorce code places strict monetary sanctions, or punishments, for violating the order or for failing to fully disclose property.