Jump to Navigation
Texas divorce can be complicated by hidden assets

Sunday, June 24, 2018

It is an unfortunate reality that not every divorce can be settled cleanly and with no "hard feelings". In some cases, a Texas divorce can be complicated by one or both spouses being less than honest in their asset reports. However, even if a financial analyst or forensic accountant is not fiscally feasible, there are other ways to determine the extent to which assets were hidden, which will allow further action to be taken in a legal setting.

Reviewing tax returns, specifically 1099s, can go a long way towards exposing discrepancies between reported assets and interest. A public records search can turn up property a spouse may not have admitted to owning. Pay stubs and other backup documentation can also shed light on undeclared income, particularly cancelled checks and bill payments.

In more dire cases, a subpoena can be issued to an employer to request information about additional benefits, retirement plans, stock options and other non-tangible assets that should have been included in the marriage assets. Comparing the monthly family expenses to income ratio can also expose discrepancies -- if more was spent than was allegedly earned, this can point to a hidden source of income. Finally, the option is available to depose a spouse, who will face harsh penalties if found to be lying under oath.

Texas divorce can be a difficult process, and unfortunately it is human nature for certain people to make that process more difficult by being dishonest. However, support is available to those who feel they have not received what they feel they are owed in terms of equitable distribution of married assets. Individuals are encouraged to thoroughly research their rights and responsibilities in a divorce situation prior to filing paperwork.

Source: The Huffington Post, Discovering Hidden Assets: What Your Spouse Hasn't Disclosed During Your Divorce, Bonnie Sockel-Stone, Oct. 30, 2013

No Comments

Leave a comment
Comment Information
FindLaw Network

We Can Help You, Contact Us Today! Saturday Morning Appointments Available

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Our Office Location

Law Office of Douglas C. Smith
10514 Montwood Drive
El Paso, TX 79935

El Paso Law Office Map

Review Us