Hidden Assets

Divorce cases with high assets can often accompany long term marriages with one party not disclosing the true worth of the business. In any divorce case one spouse may have no real conception of what sits in the safety deposit box, the amount in their joint savings account, or the value of the corporation.

This is a typical scenario in family law cases dealing with complex assets. It is vital to determine the worth of the parties for equitable distribution of community property assets. We utilize Schedules of Assets and Debts and discovery production to attempt to get a full picture of the assets which may need to be divided in a family law divorce case.

Cases of this nature often reveal business owners form corporations or partnerships or tax shelters, in an effort to hide the value of worth. Yet to the dismay of the mother and children left without funds to live day in and day out, the business owner has new cars, motorcycles and plenty of funds to keep the entertainment coming.

In these cases, the production of Discovery and the assistance of the spouse who is getting the run around can often reveal the worth of the community property business. Hiring effective legal counsel can bring out the evidence necessary to disclose hidden assets in a divorce.

If facing a divorce needing equitable division of property and assets, contact a Temecula divorce attorney at (800)504-7810 for a free consultation.