Finding Hidden Assets In Divorce
Almost every experienced Dallas divorce lawyer has answered their client’s questions about the missing money and hidden assets in their divorce. When the parties exchange and review discovery and financial disclosures it is common for one to say the other is not listing and identifying all the money. Where are they hiding it?
Finding hidden assets in divorce
Almost every experienced Dallas divorce lawyer has answered their client’s questions about the missing money and hidden assets in their divorce. When the parties exchange and review discovery and financial disclosures it is common for one to say the other is not listing and identifying all the money. Where are they hiding it? Divorce financial issues including finding hidden assets requires proper guidance and sometimes, the right divorce financial professionals who can help find the trail to missing money.
Watch your bank accounts
For people considering divorce who may suspect money is being diverted, keep a closer eye on your bank account and credit card statements. Are there significant cash withdrawals? Are there payments on credit accounts you don’t recognize? The pattern and flow of money should be reasonably similar from month to month.
Search for hidden assets online
A more technically sophisticated individual can search for assets online, including land and property assets. There are websites you can use to search for assets and some charge a subscription fee. For more detailed asset searches a forensic professional can be hired to find the money you suspect is missing and not accounted on your divorce financial statements.
Hiding spots at home
Sometimes the easiest way to hide money is to avoid technology and paper trails. Instead of assuming the cash withdrew from ATMs is spent and gone, start considering if it is wadded up in rubber bands and stuffed in the antique flower vases in the dining room hutch. Do you know all the hiding places around your home?
Safe deposit boxes
People attempting to keep money and deeds to assets from their spouse can use safe deposit boxes around town, or out of town, where only the box renter with the key may gain access to the box. If you find out your spouse keeps a safe deposit box you might ask your divorce lawyer to ask the court for a temporary restraining order or order granting access and review of the contents of the safe deposit boxes.
Scroggins Law Group Dallas divorce lawyers can talk to you more about missing and diverted money and assets at any stage before, during or after your divorce.
About Scroggins Law Group: Dallas, Collin and Denton County Board Certified divorce and family law attorney Mark Scroggins, and the team at Scroggins Law Group represent clients in a variety of divorce and family law matters.
At Scroggins Law Group, we have more than 20 years of experience with family law cases in Dallas, Denton and Collin Counties. When you retain our firm, you can trust that your case is in the hands of a highly skilled, dedicated professional. We understand the unique challenges of a high value divorce case, and more importantly, have the knowledge and experience you need on your side. Call us today, (214) 469-3100, to learn more about Texas divorce and family law.
Considering divorce? Get started today with an initial consultation.
Follow Us On Social
*Mark L. Scroggins is *board-certified in family law by the Texas Board of Legal Specialization. Unless otherwise noted, other attorneys are not *board-certified.
**Super Lawyers (a Thomson Reuters service, awarded to Mark Scroggins 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021)
The information in this article (OR ON THIS WEBSITE) is for general information purposes only. The information contained herein is not guaranteed to be correct, complete, or up to date. You should not rely on any information in this article, but should consult a licensed attorney for legal advice regarding your specific case. Nothing in this article should be construed as legal advice for any individual case or situation. Viewing of this information is not intended and does not constitute an attorney-client relationship. Additional Resources