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Family law: Uncovering hidden assets could prove essential

| May 10, 2018 | Family Law |

The process of dissolving a marriage can be an intimidating experience, and the decisions a person in Washington makes during this period could affect his or her life significantly. With a great deal at stake during divorce, many may consider it vital to pursue a favorable outcome during legal proceedings. Prior to entering negotiations, a person might find it invaluable to speak with a family law attorney for advice on uncovering any possible hidden assets, as these could have a substantial influence on the outcome of divorce if left undetected.

It might not be all that uncommon for a person to attempt to hide certain assets from his or her spouse during the end of a marriage. These assets could be stashed away in separate accounts, or they could consist of physical items that aren’t declared in the process, such as expensive artwork or antiques. Since assets that remain hidden might not be included in the division of property, locating their presence could prove essential.

In some cases, a person may attempt to hide assets by conjuring up fake debts or creating new accounts. If a business is involved, keeping watch over irregularities in areas such as employee payments could also prove beneficial. A person could also attempt to use marital income or assets to provide for an outside party, and keeping track of changes in spending patterns could help a person prevent a potential disaster.

Identifying and valuing all marital assets could be a vital part of preparing for divorce negotiations, but the process can be complex. Those who are facing a similar situation could find it beneficial to speak with a family law attorney for guidance on how best to proceed. An attorney in Washington can provide a client with advice on how to uncover hidden assets, along with assistance in covering every aspect of divorce, and assist in pursuing the best outcome possible during subsequent legal proceedings.

Source: trustify.info, “15 Signs Your Spouse Might be Hiding Assets from You”, Jimmy Ricks, Accessed on May 10, 2018

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Hanis Irvine Prothero, PLLC
6703 S. 234th Street, Suite 300
Kent, WA 98032

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