Dodd & Dodd Attorneys, PLLC

Dodd & Dodd Attorneys, PLLC Louisville Kentucky

(502) 584-1108

When an Ex Hides Money or an Asset During a Divorce in Louisville

What if an Ex Hides Money or an Asset During a Divorce - Louisville

Are you worried that your former spouse has not or will not make a full, transparent and accurate disclosure of their income and assets?  What should you do when an ex hides money or an asset during a divorce in Louisville or Jefferson County?

Protecting your interests from the intentions and schemes of a former spouse is one of the most important reasons to work with the divorce and family law lawyers at Dodd & Dodd.  We have served Jefferson County and Louisville Family Courts for decades.  We have extensive experience with cases where an ex hides money or an asset during a divorce in Louisville.  We have achieved remedies for clients who discover their ex hid money or assets from the Court after final orders have been issued.

One of the first steps in any divorce in Kentucky is to make a truthful, accurate, full and transparent disclosure to your former spouse of all assets and liabilities you have at the outset of your divorce.  These financial disclosures must include all property, all assets, all debts, all sources of income and every financial, business, investment or retirement account.

The Court will determine if an asset or liability is marital property or separate property.  Marital property must generally be equally divided between the parties under Kentucky law.

What happens when an ex hides money or an asset during a divorce in Louisville? Each of you have a legal fiduciary duty to one another until the divorce is finalized.  This requires you to conduct all financial matters and provide information in a way which reflects the best interest of your spouse.  Any attempt to hide money, assets, business income, investments, retirement or any other asset is a violation of fiduciary duty.

When an ex hides money or an asset during a divorce in Louisville there are many strategies to find them and bring the issue to the Court.  We work with forensic accountants, tax and financial analysts and other experts to find hidden money and assets and expose false valuations or under-reported assets and/or income.

Our Family Courts take a dim view of any attempt to lie, mislead, hide or fail to fully disclose any and all assets.  The penalties for doing so are quite severe. Generally speaking, if one party does not make a full or accurate disclosure of all assets, accounts or money the Court must determine if the issue was a mistake or unintentional, or if it was a conscious effort with a disregard for your rights or an attempt to inflict a cruel or unjust hardship.

In either case the penalties are severe.  Even an accidental “honest mistake” when an ex hides money or an asset during a divorce in Louisville may entitle their former spouse to 50% of the value of the hidden/under-reported asset as well as your attorney’s fees and Court costs.

If there is proof of intent when your ex hides money or an asset during a divorce you will more likely receive an award of 100% of the hidden asset.

In addition to a percentage of the hidden money or asset and attorneys fees and costs Dodd & Dodd can request the imposition of sanctions against your ex for their failure to disclose money or an asset.  Sanctions are a legal punishment which requires your ex to pay money for failing to fulfill their legal obligations under the law.

This is why it so important to work with the Divorce and family law lawyers at Dodd & Dodd. We invite you to review the strong recommendations of our former clients and contact us or call 502-584-1108 to schedule an appointment with one of our experienced divorce and family law attorneys.