6 Facts to Know About Hidden Assets in Divorce (Pt. 3)
Here is the conclusion to our blog series 6 Facts to Know about Hidden Assets in Divorce.Hidden Assets in Divorce: More Important Info Fact 5 – The Consequences of Hiding Assets in Divorce can be Costly and Damaging.
And, these consequences will vary from case to case, depending on the nature of assets concealed, the methods used to conceal them and various other factors. Just some of the various types of penalties that can be imposed when it’s known that people have tried to hide assets in their divorce include:
- Having to pay the other side’s expenses and attorneys’ fees
- Losing ground in the divorce case
- Losing part or any claim to the assets that have been hidden, as it’s not uncommon for judges to award all of the hidden assets in divorce to the party from whom they were hidden
- Facing criminal perjury and/or fraud charges, the penalties of which can include additional fines, incarceration and a criminal record.
So, the moral of the story here is that:
- If you are thinking about keeping hidden assets in divorce to get back at your ex or advance your financial position after divorce, don’t do it – the costs can far outweigh any minor or ephemeral benefits.
- If you think an ex is keeping hidden assets in divorce, talk to an attorney because there can be various ways to hold your ex accountable if (s)he’s violating the law and concealing property.
Of all of the facts about hidden assets in divorce that we’ve discussed thus far, the most important one to remember is that you can rely on Attorney Karen Schoenau to help you:
- Thoroughly investigate possible hidden assets in divorce
- Protect your rights and interests throughout divorce
- Obtain an equitable and favorable resolution to your divorce case.
Are hidden assets an issue in your divorce? Or do you need any assistance with divorce? If so, you can rely on Scottsdale Family Law Attorney Karen Schoenau for effective representation and the best possible outcomes to your case. Since 1987, Karen Schoenau has been committed to helping people resolve their important family law matters, including complex cases related to divorce, custody, paternity and other issues.Contact us Today
To receive professional advice and learn more about how we can help you, schedule an initial consultation with Attorney Karen Schoenau. You can set up this meeting by calling 480-209-1918 or by emailing us using the drop-down contact form at the top of this page.
From her offices based on Scottsdale, Attorney Karen Schoenau represents clients throughout the metropolitan Scottsdale area, including in Scottsdale, Mesa, Surprise, Maricopa County, Pinal County, Gila County and throughout the state of Arizona.