- February 19, 2023
- Posted by: ACM Investigations LLC
- Category: News
Divorce can be a difficult and emotional process, especially when it comes to dividing assets. In some cases, one spouse may try to hide assets to prevent them from being divided in the settlement. This can be frustrating and overwhelming for the other spouse, who may not know how to find these hidden assets. In this article, we’ll provide a guide for spouses on how to find hidden assets during divorce proceedings.
Conduct a thorough search: The first step in finding hidden assets is to conduct a thorough search. This may involve looking at bank statements, tax returns, investment portfolios, and any other financial documents that may reveal assets. It’s important to look for any discrepancies or unexplained transactions that could indicate hidden assets.
Check for offshore accounts: Hidden assets may be located in offshore accounts that are difficult to track. It may be necessary to hire a professional investigator to help with this search, as it can be a complex process.
Look for unreported income: Another way that assets may be hidden is through unreported income. This can include cash payments or other forms of income that are not reported on tax returns. It’s important to review all financial documents and look for any inconsistencies or unreported income.
Review business interests: If one spouse owns a business, it’s important to review all business interests and financial documents. This may involve reviewing contracts, financial statements, and other documents to identify any hidden assets.
Consider hiring a professional: In some cases, it may be necessary to hire a professional investigator to help locate hidden assets. This can include a forensic accountant or a private investigator who specializes in this type of work.
By following these steps, spouses can increase their chances of finding hidden assets during divorce proceedings. It’s important to stay vigilant and to work with professionals when necessary to ensure that all assets are identified and fairly divided.