Subscribe to our mailing list and receive tips, articles, and information to help you get your life back on track after the divorce. In some cases, one spouse suspects the other of hiding assets when this is not what is happening at all. Marital difficulties can spur all kinds of paranoid fears and anxieties, many of which turn out to be without any basis in reality.
However, hiding assets is not an unusual behavior for those who feel that divorce is on the horizon, so if you suspect that something is going on, it's worth looking into.
It might be fairly easy for your husband to hide assets from you if you trusted him and weren't looking for signs of deception, but it becomes more difficult for him once you start looking. Tax forms and bank statements detail his financial transactions and are the most accurate way to prove he was hiding assets.
As your Newport News divorce attorney will tell you, hidden assets often come out during the normal course of a Virginia divorce, but in some cases, a partner may have taken great pains to keep the information secret.
How would your husband hide assets?
People can hide assets in a variety of ways. Of course, it's much easier for your partner to hide assets if you are not involved in the household finances. For example, if you don't keep track of your shared accounts, it's much easier for your partner to withdraw money. He may also sell stocks behind your back, which you may not notice if you don't keep close tabs on your investments.
Sometimes, employees have the option of deferring salary or bonuses until a later date. Your husband might take this opportunity to delay these things until after your divorce is over.
The possibility of hidden assets is definitely a topic to discuss with your Newport News divorce attorney. Attorneys are familiar with addressing the complicated topics associated with divorce and will investigate to bring the hidden assets to light.
It's necessary to note that you, too, need to be completely honest with your Newport News divorce attorney when it comes to your financial dealings. Many times, hiding assets is a two-way street in a marriage, especially when the partners have lost trust in one another.
Contacting a Newport News Divorce Attorney
There are very specific rules governing divorce in Virginia. At Hofheimer/Ferrebee we are committed to providing you with the experience and compassion you deserve and the successful results you need to move on with your life. Request a FREE copy of our divorce guide for women in Virginia, or reserve your seat at our monthly divorce seminar - 757-425-5200.
What Every Virginia Woman Should Know About Divorce is full of thoughtful steps and practical tips that will help you during your separation, divorce, or child custody case including:
-- 20 guidelines for "separation under the same roof"
-- 13 critical factors used to determine spousal support
-- 3 types of property classification recognized by Virginia courts
-- 10 factors your judge must consider in a contested custody case
-- a formula to determine your percentage share of his retirement benefits
-- 38 Financial Records you should be aware of
-- 20 steps to prepare for divorce
-- 7 stages of divorce
-- 40 age-appropriate books about divorce for children
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