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.
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While these facts about hidden assets in divorce are important, contact Attorney Karen Schoenau for help obtaining a favorable resolution to your divorce.

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.
Fact 6 – When Hidden Assets in Your Divorce is an Issue, you can Turn to Attorney Karen Schoenau for Experienced Help.

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.
Scottsdale Family Law Attorney at the Law Office of Karen A. Schoenau

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.

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Karen is highly respected in the legal community. She is effective and thorough. Karen just keeps going regardless of the odds.
Karen was extremely helpful setting up my petition for conciliation. She is by far the most knowledgeable attorney regarding the necessary paperwork, how to file the petition and where it has to be submitted. She listened intently when I was describing my situation and intentions. She was very responsive to my questions and request. She is trustworthy and diligent . I would recommend her to anyone having marital issues. Mark
Very high customer/client considerate. We found Karen when we were forced to leave another Phoenix lawyer due to his bad advice and lack of interest to help us. We were in Phoenix for six days from Michigan with nothing happening but a high wasted expense. Karen and her firm took us in and solved our issue with the courts etc. in two and a half days. Karen’s professionalism with us was very cost effective/productive. If we would have found her first, we would have saved thousands of dollars. Her interest for us was very high. She returned every call. She knew every answer to our questions. She did this for us with a death in her family. She left for a funeral and made sure we were treated with the same professionalism from her firm to finish up. I recommend Karen and her firm with very high satisfaction. Our case is custody with one parent in prison. We will return to Phoenix someday with interests for the child and his parent, if needed. Karen will be our top choice. Nolan
Karen and Bonita are wonderful!! I know that the word "wonderful" is used a lot, but the team they make and the work they did for me can only be described as WONDERFUL!! Yes there where ups and downs in my case, but that is the system and Karen along with Bonita guided and taught me as "WE" went through it together. Karen’s easy going manner and her knowledge really helped me with the emotional part of my divorce. I used the team of Karen and Bonita both times I needed to go to court with my ex and had results that were best for my little girl. Some times I did not get what I wanted, but it was what my daughter needed. Looking back at my case, I made the right choice and would do it again in a heart beat!! Jim
Karen was extremely supportive during a very trying time in our lives. She helped me to put things in perspective and think positive when I was overwhelmed. She is very knowledgeable about the laws pertaining to grandparents rights and the rights of the parents and knew how to provide the appropriate laws pertaining to the situation we were in. I am so grateful for her expertise and guidance. She proved to be very aggressive when she needed to be but was also supportive to my and my children. I would recommend her to anyone in a similar situation. Deanna