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How to best prevent hidden assets during your divorce

On Behalf of | Apr 30, 2024 | Divorce |

Whenever a Missouri couple decides to bring their marriage to an end, there is always the potential for a certain amount of contention to arise. This can especially be true if you are involved in a high-asset divorce proceeding, where the total amount of marital assets is greater than $1 million. Because of this, taking a proactive approach before the division of property could prove invaluable to your financial future.

Missouri is an equitable distribution state where a court divides a divorcing couple’s marital property in what it deems as a fair manner. Since fair doesn’t necessarily mean equal, this can potentially result in a substantial variance in the amount of each asset to which you are entitled. Therefore, eliminating the possibility of your spouse not disclosing certain assets could make a significant difference in your divorce settlement.

Specific measures you can utilize

Some of the most common hidden assets in divorce proceedings include offshore bank accounts, jewelry, artwork, stock options, and vehicles and real estate properties purchased with limited to no paper trail. Fortunately, there are steps you can take to help ensure the disclosure of these items, such as:

  • Using an interrogatory to formally request certain financial details
  • Acquiring the services of a private investigator
  • Forcing your soon-to-be former partner to provide sworn testimony through a deposition

Something as simple as searching online for evidence could also prove beneficial to your cause. Finally, utilizing the services of an experienced family law attorney for help and support can provide much-needed peace of mind during these times. A savvy attorney can carefully guide you through every step of the divorce process while working zealously to achieve the most favorable divorce settlement possible.

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St. Louis County Bar Association
Illinois State Bar Association
LEX | The Missouri Bar