Is your spouse hiding assets?

On Behalf of | Nov 6, 2019 | Family Law And Divorce

Indiana residents like you who are looking into getting a divorce with your spouse should be aware of all of the potential hurdles you could run into. Of them, some may involve the splitting of your assets, as this can be a sensitive and difficult topic.

Unfortunately, some people may decide to attempt hiding assets in order to avoid giving their spouse everything they are entitled to. They may do this for various reasons, including feeling as though their spouse does not “deserve” to have access to their assets.

In order to prevent you from getting all of the assets you deserve, they could employ various tactics to confuse you or make it harder to keep track of their asset sources. They may intentionally leave out information when asked to voluntarily disclose financial documentation.

However, you should know that hiding assets can get your spouse into serious trouble. For example, if they lie in court, it is considered perjury. They can also be held in contempt of court as if they refuse to provide financial documentation when asked by your lawyer. Either of these can result in your spouse facing fines, fees, and even time in jail for their misconduct.

Hiding assets may seem to some like a good way to “get back” at a spouse or ensure they don’t get all of the assets. If you are curious to read more about the possibility of a spouse hiding assets or other aspects of divorce and divorce law, take a look at our web page on family law, which we have linked here.