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Is your spouse hiding assets?

If you are going through a divorce in Massachusetts, there is a lot you need to consider. Unfortunately, one factor you need to ponder is if your spouse has been hiding assets. Divorces, especially high asset ones, can get ugly, and one spouse may not think he or she should have to split everything in the divorce proceedings. However, the law states that all assets need to be declared, and there are a number of ways you can investigate if you think your spouse is not being forthcoming.

According to Huffington Post, assets are hidden in 66% of marriages, so it is crucial you take the time and effort to do the proper legwork. Money can be stashed in different places. These include:

  • Offshore accounts
  • Safe-deposit boxes
  • Friends or family members
  • Investment accounts
  • Retirement accounts
  • Real estate investments
  • Stock brokerage accounts

You can do your own investigating, but it is worth the money to hire someone who is an expert in finding hidden assets. Advanced software can find electronic accounts fairly easy. Other ways you can find assets include web browser history, bank statements, tax returns, phone tracking software, employment benefit statements and social media posts.

FindLaw states you can also ask the spouse outright if there are any assets he or she has not disclosed. Have your attorney request asset and financial data, as the spouse is legally required to respond truthfully. You can also find out this information through a deposition, which is a testimony given under oath that can be used in court at a later time. 

 

 

 

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