Family Law: 3 Crucial Things A Lawyer Will Do To Uncover Assets During The Divorce Process
by Joan Bradley
During a divorce, your assets should be in the light so their division can be as fair as possible. Unfortunately, that is not always the case. Your spouse may hide some assets to save more for themselves, making the separation process difficult and stressful. If you don't want to go through this procedure, you should take the necessary steps to uncover any assets your partner could be keeping from you. Doing this on your own can be cumbersome because you may not have the required resources or permission to access certain records. However, an experienced family lawyer knows how to go about this process and can help you get a fair share of the property. Here are three crucial things they'll do to uncover hidden property.
Reviewing Financial Records
Obtaining financial records may seem like an obvious first step, but it's often overlooked. Getting your hands on these records requires a bit of finesse because your spouse shouldn't be aware that you're looking into them. If they realize that you're examining them, they may take measures to keep them out of your reach. This is why it's crucial to have an experienced lawyer on your side. These professionals know how to obtain financial records without tipping off your spouse. They'll obtain them from your spouse's employer, bank, and other financial institutions and analyze them for discrepancies. If they find out that your spouse has been receiving large amounts of money from a source they have not disclosed, they'll dig deeper to find out if it could be from hidden assets.
Interviewing Witnesses
Speaking with those who have firsthand knowledge of your spouse's finances is a crucial step toward uncovering any property that may be hidden. A lawyer knows the right questions to ask and the witnesses to interview to get the information they need. The people they may interview include family members, friends, business associates, or financial advisors. These witnesses may provide insight into your spouse's spending habits or give information about any assets they know.
Property Inspection
If your spouse owns certain pieces of property, such as a safe deposit box, jewelry pieces, or a wine collection, they need to be inspected to be valued appropriately. A lawyer can get these items appraised by a professional to ensure they're accounted for.
If you are going through a divorce and suspect that your spouse is hiding assets, it is essential to consult with an experienced family lawyer. They'll take the necessary steps to uncover the hidden property and ensure you receive what you're entitled to after the split.
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About Me
You walk into your favorite grocery store and right away, you slip and fall only to sprain your ankle. You can't perform your job because it requires standing on your feet all day, which means that you can't make any money to support your family while your ankle heals. There was no warning that the floors were wet after being cleaned in the store – so what do you do? It's probably a good idea to think about filing a personal injury lawsuit. Of course, anyone with experience with a personal injury case will tell you just how important it is to work with an attorney throughout the process. I'd like to share insight I've learned through three personal injury cases that I myself have had to go through in the past. I think the information on this website can help people like you, who need some personal injury guidance.