Is Your Spouse Hiding Assets?
In a divorce case, California law requires that spouses divide all community property equally. This means that absent a valid prenuptial agreement, you are entitled to half of the total property and assets you acquired during your marriage. While this seems like a fairly straightforward requirement, many spouses might try to conceal assets or engage in other deceptive tactics to try to keep more than their fair share in a divorce. There are different ways your spouse might try to hide assets in your divorce, such as: Failing to disclose certain accounts or propertyDevaluing property or understating asset values Understating or delaying incomeMaking large purchasesGiving away assets to others until after the divorceMoving assets to secret accounts Fair divorce outcomes are dependent on open and honest disclosures regarding income, property,…
