Divorce and Hidden Assets
One of the biggest concerns many divorcing couples have is how to divide up the property. Everything has to be accounted for and assigned to one spouse or the other. It is natural to want the most favorable arrangement for each party. However, many spouses turn to trying to hide assets in order to secure as much money as they can – an act that is illegal as well as immoral. When someone hides assets in a divorce, he is giving himself an unfair advantage, and essentially stealing from his spouse.
If you’re going through a divorce and believe assets are being hidden from you, the San Jose divorce attorneys of the Law Office of Daniel Jensen may be able to help you recover what’s rightfully yours. Contact us today by calling 408-296-4100.
Where Assets Can Be Hidden
The most common methods for hiding assets involving moving them to places or putting them under names that would not occur to the other spouse. This often involves moving assets that may not seem inherently valuable; while stock certificates and bonds have obvious value, an old painting may not. Some of the most commonly hidden assets include:
- Collectibles and hobbies. While you may not realize it, collections and items related to hobbies can actually be quite valuable. Coin and stamp collections, golf club sets, and antique firearms – all of these are potentially very valuable.
- Art. The value of art fluctuates, and a photograph, painting, print, or sculpture that had little value when you married might now be worth quite a lot. It may be worthwhile to have these items evaluated by experts to determine their real worth.
- “Gifts” and “debt.” Some people going through a divorce will repay phony debts to friends, with the idea of getting back the money after the divorce. Keep track of what your spouse does with money to prevent this from happening to you.
If you have any questions about your rights and responsibilities during asset division, our San Jose divorce attorneys are ready to help.
Contact Us
If you or someone you love is going through a divorce, contact the San Jose divorce lawyers at the Law Office of Daniel Jensen today by calling 408-296-4100.
