Dodd & Dodd Attorneys, PLLC

Dodd & Dodd Attorneys, PLLC Louisville Kentucky

(502) 584-1108

How Do You Find Hidden Money and Assets in a Louisville Divorce

How Do You Find Hidden Money and Assets in a Louisville Divorce

How do you find hidden money and assets in a Louisville divorce?  What should you do if you suspect your former spouse is attempting to transfer or hide assets or money to relatives or simply under-report things to the Court?

While it may be understandable that people want to keep as much as they can during a divorce, but there are serious consequences for any former spouse who attempts to hide money or consistently under-value or under-report assets in a divorce.  One of the first steps in any divorce case is the completion of important financial disclosures.  The Court and the parties must have a clear, honest, accurate and complete picture of all the assets and debts associated with either or both of the parties in a divorce.  It may surprise you to learn that spouses have an important legal obligation known as a “fiduciary duty” to act in their spouse’s best interests until the divorce is finalized.  This duty extends all the way through the divorce proceedings.

What happens when one of the parties is dishonest?  How do you find hidden money and assets in a Louisville divorce?  There are several usual strategies for hiding money.  One way is to deny they ever existed or still exist.  Another is to give them to a trusted family member or friend to “keep for now.”  There are ways to attempt to manipulate business documentation and income to affect not only the valuation of the business or professional practice, but the amount of money available for child support and maintenance.

The good news is the divorce and family law attorneys at Dodd & Dodd have decades of experience in divorce cases involving substantial assets.  This includes experience with almost every imaginable strategy for dishonest disclosures or hiding money and assets.  We work with forensic accountants and other experts to identify and locate hidden accounts, review years of past tax records and W2s and other important statements and historical records to identify suspicious or outright untruthful activities.  Our team can help you find hidden money and assets in a Louisville divorce and hold the other party accountable for their action.  The Court takes a dim view of anyone who attempts to misrepresent the facts or hide assets from the Court up to and including forfeiting the entire business, account or asset to the other spouse.

Protect your interests and learn more. 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.