The division of a separating couple’s assets during a divorce can be contentious, regardless of the money or assets at stake. Dividing up the vehicles, homes, accounts and other properties can be painful and may bring out negative characteristics. One party might want to deny the other of their rightful shares so that they get more out of the divorce. This may be one of the reasons why some people who are divorcing hide assets and devalue property to conceal assets from the other party.
Fortunately, there are ways to discover hidden property, as well as finding out the real value of disclosed assets.
Examining disclosures
One way to effectively discover hidden assets or devalued property during a divorce is to examine very carefully any disclosures, voluntary or otherwise, during the property settlement process. Disclosures require individuals to divulge the properties they own and their respective values. This is so the assets can have a fair assessment, and determining who gets what can be a potentially straightforward process. It becomes problematic when parties fail to disclose property that they own during the property settlement negotiations.
During a high asset divorce, the facts and circumstances surrounding it determines the tactics that may be necessary to ensure that the proceedings for the settlement of the properties are fair and equitable.
Investigating other sources
If you suspect that the other party is not being transparent about their assets and their value, you may seek information from other sources to ensure that everything is fair during the divorce. This may mean resorting to unconventional sources, such as social media or communicating with people who share close relations with the other party to uncover the truth about assets and valuations.
If you believe that you are at a disadvantage during the divorce and your soon-to-be ex-partner is not being completely truthful with their assets, you may want to seek counsel from an attorney experienced in high-asset divorces
