Welcome to AFX Search! I’m Dave, a licensed investigator, and today we’re delving into a critical aspect of divorce proceedings—hidden assets. Our research and investigations reveal a startling statistic: approximately 72% of divorces involve concealed assets. Whether it’s undervaluing assets, stashing money in secret accounts, or manipulating income figures, the motives behind such actions vary.
1. Common Methods of Concealing Assets
a. Undervaluing Physical Assets: Some individuals may intentionally underestimate the value of tangible assets like properties, vehicles, or valuable belongings.
b. Hidden Bank Accounts: Secreting money away in undisclosed bank accounts is a prevalent method, making it challenging to assess the true financial picture.
c. Artificially Reducing Income: Those with variable income, such as commission-based or hourly earnings, might temporarily decrease their income to impact spousal maintenance calculations.
2. Recognizing Amateur Concealment
Interestingly, many cases of concealed assets involve amateur concealment methods. While this might seem advantageous for the party hiding assets, it often means that these tactics are relatively straightforward and inexpensive to uncover.
3. Showing Bad Faith: A Key Strategy
To expose hidden assets successfully, showing bad faith by the opposing party is crucial. If proven, this can lead to various outcomes:
a. Asset Disgorgement: The court may order the disclosure of concealed assets.
b. Attorney’s Fees: The party discovering concealed assets might be awarded attorney’s fees, reducing the financial burden.
c. Discovery Latitude: A judge, upon recognizing bad faith, may grant more latitude for additional discovery, allowing a more thorough examination of the financial landscape.
4. Seeking Legal Guidance
Navigating the complexities of divorce proceedings requires legal expertise. Consult with your attorney to understand the legal implications of concealed assets, ensuring you take the right steps to unveil the truth.
Expose, Recover, Prevail
Discovering hidden assets in a divorce case can be a game-changer. It not only ensures a fair distribution of assets but may also lead to additional advantages, making the legal battle more equitable.
For any inquiries about uncovering hidden assets in divorce cases or related investigations, visit us at afxsearch.com. We’re here to assist you in achieving a transparent and just resolution.
Remember, knowledge is power, and in divorce cases, transparency is key. Uncover the secrets, secure your rights, and pave the way for a smoother legal process.
Stay informed, stay empowered, and let the truth prevail!