Your Guide Through Challenging Times

Using strategy to get what you deserve

| Sep 23, 2020 | Divorce |

High asset divorces are often similar to chess games. They involve multiple moving pieces, complex strategies and strict rules. 

However, unlike chess, there is the possibility of obtaining a first mover’s advantage in certain situations. One of these situations concerns asset division, specifically in the case of hidden assets. 

Examining the root of the problem

The law says that you have a valid claim to a significant portion of your marital estate when you divorce. This could include many different forms of property, some of which your spouse may not want to divide. 

Unfortunately for your spouse, there is no legal reason to deny you access to your fair share of retirement accounts, investment properties and so on. Unfortunately for you, your spouse might decide not to operate within the strict confines of the law. 

Stopping dishonesty before it starts

It could be difficult or even impossible to uncover certain types of assets after your spouse hides them. However, you could have an opportunity to gather evidence if you act ahead of time. 

Most people do not hide valuable property unless they have a clear reason to do so. It is typically a laborious and complicated process, and it also typically reduces the ease of access to resources. 

In other words, your spouse might not go to the trouble of hiding contentious assets unless a divorce is imminent. You might be able to find records more easily than you expect — if you know where to look. 

Even if you have relatively limited knowledge about accounting, there are certain way you could probably start the search before it is too late. At the very least, please understand the financial, legal and psychological aspects of divorce before you discuss any related topics with your spouse.