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Divorce issues can include hidden assets

Monday, May 21, 2018

Asset division can be one of the most challenging parts of any divorce. Texas residents who have experienced divorce know that, of all the divorce issues that can arise, ones to do with children or money tend to be the most contentious. This is particularly true in cases where one or both spouses attempt to hide personal assets in the interest of avoiding having to submit them to the division process.

Of course, in the modern digital world, it is not as easy as it once was to hide large sums of money from a spouse or an attorney. Much like marital infidelity, it is difficult to hide assets when an electronic trail exists for so many transactions. A variety of options are available for tracking down secret transactions, from complicated schemes like spyware and GPS tracking to simply looking carefully at bank e-statements.

The next step is to consider representation with a background in dealing with hidden assets. It may be more difficult to uncover specific details about how much money is being hidden, so seeking the support of a professional with experience dealing with such issues can be helpful. The sad reality is that people do attempt to be dishonest in divorce situations, so it may be better to be safe than sorry.

Divorce issues are always challenging to deal with from the perspective of those within the separation. Dealing with dishonesty, as Texas residents are well aware, can only serve to further complicate issues. Seeking out appropriate support to deal with these issues can mean the difference between an equitable settlement and a frustrating one.

Source: The Huffington Post, "Uncovering Hidden Assets in Divorce Litigation", David Centeno, Aug. 15, 2014

Source: The Huffington Post, "Uncovering Hidden Assets in Divorce Litigation", David Centeno, Aug. 15, 2014

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