Marriage is an equal partnership, and when it ends in divorce, partners should split assets fairly and equitably. Unfortunately, emotions can run high during a divorce. Out of fear, anger, spite, or greed, one spouse might choose to hide assets from the other.
This is why asset discovery is so important, especially in high-net-worth cases. If you suspect your spouse is hiding assets, you need an experienced and reliable Fort Worth divorce lawyer who understands Texas community property laws and has a proven track record with complex divorces.
The qualified and discreet attorneys at Mims Ballew Hollingsworth (MBH) have over 100 years of combined experience representing Tarrant County residents. With four lawyers who are Board-Certified® in Family Law by the Texas Board of Legal Specialization, and a unique commitment to team collaboration, we proudly provide the comprehensive legal services you need.
The stress of divorce can feel overwhelming. A trusted Fort Worth hidden asset divorce lawyer from MBH has the resources to uncover the truth and protect your best interests.
Two types of assets are considered in divorce — community property and separate property. Separate property might be anything that one person brings into the marriage, such as a house, that does not become shared property, or assets acquired legally during marriage by only one spouse, such as an inheritance.
Finding hidden assets in divorce involves discovering community property that one spouse deliberately conceals. Fraudulent concealment could include offshore accounts, undervalued assets, and unreported or underreported income or business revenue.
It might be false debts that fake or exaggerate money owed to reduce what the fraudulent spouse must give up during asset division. Our seasoned property division attorneys can help you expose this common issue in complex and high-net-worth divorces.
If you suspect or know your spouse is trying to keep marital assets for personal gain, you need a lawyer who understands how to find hidden assets in divorce.
Your MBH divorce lawyer provides legal investigation services and collaborates with financial experts to uncover financial deceit. We help you understand how the discovery process works, and we always prepare for trial, just in case.
A qualified lawyer has many legal resources for uncovering concealed assets in divorce. An investigation starts with reviewing financial records to search for evidence of discrepancies or unusual behavior that might signify hidden assets.
From there, your lawyer will go through the discovery process to gather additional information. MBH lawyers also use professional resources like forensic accountant divorce specialists and CPAs to root out fraudulent behavior.
Your hidden asset divorce lawyer can use various legal tools during the discovery process. These include formal document requests, interrogatories (written questions to your spouse or their attorney), subpoenas, depositions (witness testimony under oath), and can use qualified domestic relations orders (QDROs) to ensure you are able to access your portion of your spouse’s retirement accounts and pension plans.
A productive divorce financial investigation could provide enough leverage to negotiate a favorable agreement with your spouse. If negotiations remain contentious or you suspect there are additional hidden assets in your divorce, you may have little choice but to plead your case in front of a judge.
MBH can represent your best interests, which is why our attorneys work to build a strong case for trial even during the negotiating process.
Complex cases involving hidden assets in divorce in Texas require the knowledge and skill of an experienced family law professional, like the board-certified attorneys at MBH. We have a strong, well-established reputation in Texas courts. We do not engage in frivolous lawsuits, and we always come to court prepared.
When you choose MBH for discreet and compassionate representation, you enjoy customized legal strategies tailored to your situation. Our respected status and bespoke services improve your negotiating position and help alleviate stress throughout the divorce process.
We put you and your family first! Whether you are facing divorce, seeking adoption, or have a child custody case, you can rely on our legal team. Contact us today for a case review or legal consultation.
Are you facing a challenging and stressful divorce involving suspected hidden assets? Now is the time to partner with a qualified Fort Worth hidden asset divorce lawyer at Mims Ballew Hollingsworth. Our local presence and strategic experience with high net worth cases are second to none.
Contact us now for a discreet, no-obligation consultation to discuss your case.
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Warning signs that your spouse is hiding assets could include secretive financial behavior (unwillingness to share statements or account information), an unexplained decrease in income, sudden loans or gifts to family and friends, and purchasing high-value assets in the name of a family member or friend.
The first thing you should do is try to access all accounts and get statements. If you are struggling to find information, contact MBH. We can leverage our experience and resources to uncover hidden assets.
You have up to two years after your divorce is finalized to file a post-dissolution partition claiming hidden assets.
A forensic accountant can be critical in complex divorce cases involving high-net-worth individuals, especially if you suspect your spouse is hiding assets.
Texas Family Code states that in cases of fraud against the community, the court will order a right and just division of said assets. Courts may also grant legal or equitable relief to the wronged spouse, including a money judgment.
Texas courts do not take fraud in divorce cases lightly and may choose to disproportionately award hidden property and attorney’s fees in favor of the wronged spouse as a form of penalty. The offending spouse may also face contempt of court or even criminal charges.
This page has been written, edited, and reviewed by a team of legal writers following our comprehensive editorial guidelines. This page was approved by Founding Partner, Constance Mims who has over 15 years of experience practicing exclusively family law. Mrs. Mims is Board Certified in Family Law, by the Texas Board of Legal Specialization.
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