Hidden Assets

Assets one spouse attempts to hide from the other spouse in order to avoid the property from being divided in the divorce. This is not a good idea. It will likely lead to increased attorney’s fees and costs, particularly if the other side must hire a forensic accountant to find where the money is going. It will likely also extend the timeline for divorce; in some cases, it may double or even triple the amount of time it takes to get divorced. If discovered, it will likely result in sanctions. It is better to be upfront and forthright about all the assets.