The division of a couple’s property during a Pennsylvania divorce can be contentious, no matter how much money or assets the individuals share. For some, dividing up vehicles, homes, accounts, and other items of property can be painful and can inspire some to engage in bad behavior to deny their soon-to-be exes of their shares of the assets. Hiding assets and devaluing property are two ways that individuals wrongfully attempt to conceal assets from their former partners.
There are ways of discovering hidden property and the true value of disclosed assets, though. Knowledgeable high asset divorce attorneys can help their clients employ effective discovery techniques to protect their rights during challenging property division proceedings.
An effective way to discover hidden assets or devalued property during a divorce is to carefully examine voluntary and involuntary disclosures during the property settlement process. Disclosures require individuals to share what they own and what values the property have so that fair assessments and determinations can be made during the divorce process. Some individuals may fail to disclose items of property that they own that should be included in property settlement negotiations.
When a person fails to voluntarily disclose assets, involuntary disclosures may be required. The facts and circumstances of every high asset divorce will determine what tactics are necessary to ensure fair and equitable proceedings for the settlement of individuals’ property.
Examining other sources
Individuals who do not believe that their soon-to-be ex-partners are being honest about their assets and valuations can seek information from other sources to ensure fair proceedings during their divorces. For example, an individual may discover that their former partner made a large purchase based on information found through social media or communications with shared friends. When an individual has reason to believe that they are being taken advantage of during the property settlement process, they can choose the support of a trusted legal advisor to help them ensure they are being treated equitably under the law.