Hidden Assets
Understanding what assets will be divided in your divorce is a critical part of planning for your future. At Eisenberg & Spilman, PLLC, we are determined to help you gain a complete understanding of your spouse’s assets and your joint assets so that you obtain the most favorable divorce settlement possible.
How To Uncover Hidden Assets During A Divorce
Suppose you find yourself in a situation where your spouse attempts to conceal assets to gain an unfair advantage in the settlement. In that case, it is crucial to take proactive legal steps to protect your interests and help ensure a fair distribution of marital assets. Here is what you and your legal team can do if you suspect your spouse has hidden assets:
- Gather financial documents: Collect any legal documentation that may provide insight into your spouse’s financial affairs and look for discrepancies or unexplained transactions that could indicate hidden assets.
- Analyze financial transactions: Carefully review the financial documents for any unusual or suspicious transactions, such as large cash withdrawals or transfers to unknown accounts.
- Conduct discovery: Work with your attorney to use legal discovery tools, such as depositions and subpoenas, to obtain additional information and evidence.
- Collaborate with your legal team: Maintain open communication with your attorney and any other professionals involved in your case to create a coordinated and effective approach to uncovering hidden assets.
- Request financial disclosure: If you suspect your spouse is withholding information, your attorney can file motions to compel a comprehensive financial disclosure.
While uncovering hidden assets can be challenging, it’s essential to remain vigilant for potential signs that your spouse may be attempting to conceal assets. These signs can include:
- Sudden large cash withdrawals
- Unexplained transfers of funds
- Creation of new accounts or businesses
- Lifestyle changes that don’t align with reported income
While you may be tempted to handle some financial projects on your own, you are better off seeking legal intervention to help achieve the best possible outcomes. Depending on your legal circumstances, our legal team may recommend various discovery methods to uncover hidden assets or sources of income. Our legal experience and resources can help ensure all your marital assets are identified and distributed fairly during the divorce process.
Helping You Receive A Fair Share In Your Michigan Divorce Debt Division
Respected Michigan lawyers Laura E. Eisenberg, J.D., and Amy M. Spilman, J.D., have spent decades helping individuals successfully locate and value hidden assets.
When you come to us, our team will work with you to learn about your financial history and discuss important issues about personal and shared bank accounts, businesses, etc. We will collaborate with investigators, security firms and other specialists to trace missing items that should be included in your property division such as:
- Offshore bank accounts
- Personal property that has been removed and put in unknown storage
- Additional retirement plans
- Additional bank accounts
- Investment portfolios
Our goal is to uncover all hidden assets in your divorce case so that you can achieve the most fair and favorable settlement possible. We understand the common tactics individuals often use to hide assets, and we have the resources we need to uncover those assets.
Our attorneys understand how daunting the divorce process can be, and we want you to know that we will be by your side, every step of the way.
Talk To Our Lawyers Today
We invite you to contact our property division attorneys at Eisenberg & Spilman, PLLC, at 248-469-0613 to schedule a confidential consultation to discuss your divorce and related matters. In addition to our regular business hours, evening and weekend appointments are available upon request. We accept Visa, MasterCard, American Express and Discover credit cards.