Bowden Cyr, PLLC - Attorneys At Law

What can you do if a spouse is hiding assets in divorce?

Divorce is a complex and trying time for Minnesota couples of all income levels, but it can be an especially complex process for high-asset couples. When there are valuable assets and a significant amount of money at stake, it can be difficult to be reasonable and discuss these issues peacefully. Some spouses may even attempt to hide assets.

If you are facing the prospect of a high-asset divorce, you may have concerns that your spouse will attempt to hide assets in order to keep more marital property. This is unfair, and you have the right to fight back against these attempts. There are ways you can seek full disclosure and secure your rightful share of all assets and money. 

What can you to do fight back? 

Hidden assets will lead to an unfair and unbalanced property division order. Your financial future and security are at stake during your divorce, and it is prudent to be thorough and diligent to ensure you get the full amount to which you have a rightful claim. If you believe that your spouse is not being completely honest and has taken measures that could impact your future, you can take the following steps:

  • Carefully review all voluntary disclosures: Looking over these documents could help you discover if there are assets that are missing or much less money in accounts than you believe should be there.
  • Formally request additional disclosures: You can seek involuntary disclosures that will legally require your spouse to respond and outline information about all of his or her assets, accounts and finances.
  • Seek a deposition: If these other measures do not work, you may be able to get the information you need through a deposition. The information from this step is usable in court.

It is complex to navigate difficult financial concerns during divorce, but you do not have to walk through it alone. You will find it beneficial to have experienced and knowledgeable guidance by your side from the very beginning. 

Fighting for the future you deserve

There is a lot on the line during divorce, but you can fight for the prosperous and stable financial future you deserve. When complex financial matters could impact you, it may be helpful to start with a complete evaluation of your case in order to understand the legal options available to you. Hiding assets is an unfair and unacceptable tactic, and you can fight for the preservation of your future interests.

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Bowden Cyr, PLLC - Attorneys At Law

7825 3rd Street North | Suite 204 | Oakdale, MN 55128 | Phone: 612-254-6409 | Fax: 651-731-5496 | Oakdale Law Office Map