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Don’t let hidden assets disadvantage you post-divorce

It’s normal to be worried about your finances as you navigate divorce. That’s why it’s important to understand the property division process and what you can do to protect your interests. To start, you have to be able to identify the marital estate, which then sets the stage for argument on what would constitute an equitable division of those assets.

But what happens if you feel like your marital estate is smaller than it should be? If you suspect this, then you might want to delve deeper into the matter to ensure that you’re getting your fair share of marital assets.

Locating hidden assets

Far too often, spouses act in illegal ways to try to protect their own financial interests during divorce. This might mean hiding assets in separate accounts, stashing cash away, retitling assets in the name of friends or family members, and even squandering assets away prior to divorce so that they won’t be subject to property division.

Don’t let these actions affect your post-divorce financial standing. Instead, consider what you can do to locate hidden assets and loop them back into the marital estate. This will likely require some investigation on your part, but you don’t have to go about it alone. A forensic accountant might be able to help you follow paper trails to identify red flags of hiding assets. Once located, you can take legal action to ensure that those assets aren’t lost to you forever. A forensic accountant can also assist you here by providing helpful testimony and discovered records.

Protect your interests during property division

Property division during the divorce process can be more complicated than it seems. That’s why it’s important to take a holistic approach that ensures that you won’t be taken by surprise and that your interests are as fully protected as possible under the circumstances. If you’d like to learn more about how to do that, then consider developing a property division strategy with a family law attorney of your choosing.

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