Springer-Lyle News Updates

latest legal news from the law firm of Springer-Lyle

1807 Westminster
Denton, TX 76205

940.387.0404

  • Home
  • About Us
    • Firm Overview
    • Attorney Profiles
  • Areas of Practice
  • Articles and Cases
  • What’s In the News
  • Resources
  • Videos
    • Who is Springer-Lyle?
    • FAQ Videos
      • FAQs on Business Litigation
      • FAQs on Healthcare, Medical & Pharmaceutical Cases
      • FAQs on Personal Injury, Automobile & Trucking Accidents
      • FAQs on Alternative Dispute Resolution
      • FAQs on Probate Cases
  • Contact Us
You are here: Home / Blog Articles / Featured / How Can I Find Out If My Spouse Is Hiding Assets?

How Can I Find Out If My Spouse Is Hiding Assets?

March 8, 2017 By Staff - s.r. Leave a Comment

Are spouses hiding assets in a divorce? Yes, and frequently. Divorce has never been a pleasant process, but it is the legal approach to the dissolution of a marriage. Unfortunately, experts at Springer & Lyle have found some spouses, soon to be divorced, believe it a necessity not to follow the law and try to hide assets to avoid the sharing of them in the divorce proceedings.

Common Methods of Hiding Assets

In a divorce, the law requires that every major asset be inventoried.  Bank accounts, brokerage accounts, real estate, vehicles and similar must be disclosed. Errant spouses are quite aware of this rule or are made so by their attorneys. However, the more financial savvy types, who aren’t interested in a financial split, can also try to hide value in tools that aren’t regularly tracked by banks or records. Some of the more common methods include changing money into precious metal bullion like gold coins, shifting physical assets by title to a friend to hold and “own” until the divorce is finished, or flat out moving assets out of the country and jurisdiction of the divorce court completely (i.e. foreign bank accounts).

How Assets Are Found

As difficult as hidden assets may be to locate, they can be found. First, it requires monitoring, usually through a private investigator and access to additional financial records. Second, many hints at hiding behavior require the help of an auditor or forensic accountant to see transfers and expenditure signaling movement to off-record assets. And finally, an attorney who understands how to convince the court to order seizure with the right evidence is essential when the assets are finally found. It can take months maybe even a few years after the initial divorce to full conclude seizure, but it can be done even when the money is offshore in another country. The big hammer is that once the court is convinced fraud has occurred in court filings, the court can order all of the hidden assets be turned over to the innocent spouse.

Getting the Right Help

Keep in mind, however, not every attorney knows how to go about finding hidden assets in a divorce. It’s a common assumption that people will just report their assets in proceedings. However, that assumption doesn’t accurately reflect how often people think they can outsmart the system. Good divorce attorneys with deep experience know this fact and also know the right tools to use to effectively recover assets due to their client in a divorce. To find out more about how these protections can be put to effect in your pending divorce, give our family law attorneys at Springer & Lyle a call at 940-387-0404.

 

Filed Under: Family Law, Featured Tagged With: Divorce, family law attorney, hiding assets

Leave a Reply Cancel reply

You must be logged in to post a comment.

Subscribe by email

Have the latest news from Springer-Lyle
sent to your inbox.

Articles of Interest

Honda Worldwide Recall of Sedans, Minivans, SUVs

By Deepa Seetharaman and Bernie Woodall of Reuters. Honda Motor Co Ltd plans to recall nearly 2 1/2 million vehicles: small SUVs, cars and minivans worldwide. This includes the popular Accord sedan. … [Read More…]

Hip Implant Complaints Increase, While Dangers Are Reviewed

By BARRY MEIER and JANET ROBERTS of the New York Times Published: August 22, 2011 The federal government has received a surge in complaints in recent months about failed hip replacements, suggesting … [Read More…]

Tragedy Brought on by Tainted Fruit

By Moni Basu, CNN William Beach was one of those people who fixated on certain foods. He would eat the same thing voraciously for a few days, and then, when he tired of the same tastes, he moved onto … [Read More…]

No Better Care, Thanks to Tort Reform

Published in The Texas Tribune by guest columnist, Charles M. Silver In 2006, Dr. Howard Marcus wrote that Texas’ 2003 tort reform statute sparked an “amazing turnaround” in which doctors came … [Read More…]

Springer & Lyle, LLP

1807 Westminster
Denton, TX 76205

phone: 940.387.0404
toll-free: 855.387.0404
fax: 940.383.7656

Disclaimer
The contents of this website does not imply legal advise or counsel and does not establish an attorney/client relationship. Please contact us for information on our policies regarding any relationship with clients, potential clients, or non-clients of our firm.

  • Facebook
  • RSS
  • Twitter
  • YouTube

 

 

make a Pament via LawPay

Return To Top of Page

Copyright © 2023 Springer & Lyle, L.L.P. • • • All Rights Reserved

Website Design by The Crouch Group

Log in