Hidden Assets in a Divorce
Get to the Truth with a Skilled Staten Island Divorce Lawyer
Do you believe that your spouse has hidden assets in their anticipation of a divorce? When faced with the financial realities of a divorce, some spouses take less-than-honest measures to reduce the amount of money they seemingly have. When this is done successfully, determinations like property division, alimony, and even child support can suffer.
At The Law Office of Keith M. Casella, P.C., I believe that fair divorce terms can only be reached when all the appropriate aspects of the marriage are thoroughly assessed. As a determined and knowledgeable Staten Island divorce attorney, I am well-versed in the many lengths some spouses will go to hide assets and have the diligence and resources needed to bring these assets back to light.
If you believe hidden assets are interrupting your divorce, call (718) 557-9137 today.
How Assets Are Hidden
There are various ways spouses can shield certain assets from consideration during a divorce. There are, however, a number of common strategies used in these circumstances to unfairly lessen the financial burden of the higher-earning spouse.
Common methods of hiding assets include:
- Lending money to family or friends until after the divorce
- Delaying large, owed payments until the divorce is complete
- Transferring assets from a joint account to other individual accounts
- Establishing "custodial accounts" with a child's social security number
- Stockpiling cash in a hidden location or a safe deposit box
- Delaying expected bonuses or promotions at work
- Underreporting income
- Overpaying the IRS
In cases where a spouse works in an all-cash business where little income is reported, my firm analyzes the marriage lifestyle, as well as assets and liabilities it may have. I can implement many discovery tools to accomplish this, as well as use the power of the court to impute income to the recalcitrant spouse.
No matter what your hidden asset concerns might be, my firm is ready to get to the bottom of them and ensure that you receive the property and financial support you deserve.
Schedule a free consultation with me today.