Prosper, TX Hidden Assets in Divorce Attorney

Lawyer for Finding Hidden Assets in a Collin County Divorce

Handling the financial aspects of divorce, including property division, child support, and spousal support, is challenging under any circumstances. However, it can be even more difficult when one spouse is operating without a complete and accurate understanding of the other spouse's assets. If your spouse is hiding assets without your knowledge, you can be left at a major disadvantage throughout the divorce process. Uncovering these hidden assets is crucial to protecting your interests.

At Pfister Family Law, we understand that finding your spouse's hidden assets on your own may be next to impossible. When you work with us, we can connect you with financial professionals who are skilled at investigating complicated financial situations, and we can represent you in litigation with the goal of ensuring that your spouse faces the appropriate legal consequences. With multiple decades of legal experience, we are well prepared and equipped to stand up for you and get the results you deserve.

Signs of Hidden Assets in a Texas Divorce

Texas family court rules require divorcing spouses to disclose certain financial information to each other at the start of the divorce process, including information about all of their property, assets, and sources of income. These disclosures allow for greater fairness, as both spouses will have all of the available information upfront. However, it is an unfortunate fact that some people will go to great lengths to manipulate the divorce process in their favor, including by using strategies to conceal assets and income that are often very difficult to detect.

One common method of hiding assets is opening or maintaining a secret financial account, to which a spouse regularly funnels income. In some cases, this behavior begins close to the start of the divorce process, while in other cases, it may have been going on for years. A spouse may also try to hide assets by temporarily transferring them to a friend or family member, or by intentionally underreporting income and property values in their required financial disclosures.

If you suspect that your spouse may be hiding assets, you should keep an eye out for signs like unusual secrecy, purchases or spending that seem excessive, or abnormalities in deposits and withdrawals from your joint financial accounts. We can help you work with a forensic accountant to further investigate your suspicions and get to the root of your spouse's behavior, and we can also take action during the discovery phase of the divorce process to require your spouse to answer questions and turn over additional information.

How Can Hidden Assets Impact Your Divorce?

Hidden assets that go undiscovered can negatively impact the outcome of your divorce in many ways. If your spouse has been concealing marital assets, you can be left with less than your fair share of the community property when your assets are divided. When a spouse hides any income or assets, whether they are marital or non-marital assets, they can also avoid paying their fair share of court-ordered child support or spousal maintenance.

However, if you are able to uncover your spouse's hidden assets, you have the ability to take legal action against them. If you can demonstrate that your spouse has committed "fraud on the community," you can ask the court to order reimbursement for any assets to which you have a valid claim. You may also be able to ask the court to hold your spouse in contempt for failing to provide the information required of them.

Contact a Prosper, TX Divorce Attorney

If you believe your spouse is hiding assets, it is important to take action as soon as possible to stop their behavior and protect your interests. We can start helping today when you contact us at 972-954-6455 to schedule an initial consultation. We represent clients in Dallas County, Denton County, Collin County, Tarrant County, Sherman County, Rockwall County, Hunt County, and the surrounding areas, including Dallas, McKinney, Frisco, Denton, Plano, Little Elm, The Colony, and Prosper.