By Pierce Blitch
In many marriages, one spouse usually manages the finances, leaving the other in the dark about their true wealth. This arrangement often works—until divorce comes into play. If you’re in Georgia and have taken a backseat in financial matters, you must ensure every asset is disclosed before settling. Failing to do so could leave you with far less than you deserve.
Spotting Hidden Assets
Hiding assets during a divorce is illegal, yet some spouses still try to get away with it. Unless protected by a prenuptial agreement or deemed separate, all shared assets must be disclosed. If something seems off or assets appear to be missing, it’s okay to pause and investigate further.
Methods of Hiding Assets
Finding hidden assets can be tricky because many don’t know where to look. Common methods of hiding assets include:
- Converting physical property to cash
- Paying fake debts
- Setting up no-interest investment bonds
- Creating a custodial account
- Covering expenses for a significant other
The Importance of Thoroughness
Divorce is a tough journey, and many wish to get through it quickly. However, rushing can lead to significant problems later. If you suspect your spouse is hiding assets, seek help to uncover them. An experienced attorney and a forensic accountant can ensure that all assets are disclosed before finalizing your divorce.
CALL THE Blitch Law Firm ATTORNEYS AT LAW TODAY TO DISCUSS YOUR FAMILY LAW MATTER
We fight for you, and we don’t back down. Every family law case has potentially life-altering consequences. We don’t hold back on providing our clients with the best possible representation. At The Blitch Law Firm, we understand the emotional and financial toll a family law case can take. If you, a family member, or a close friend are facing a divorce, child custody dispute, or any other family law issue, contact The Blitch Law Firm today at 706-434-8770 or visit us at 7004 Evans Town Center Blvd., Third Floor, Evans, Georgia 30809 to discuss your unique case and our dedicated family law strategies with one of our compassionate and experienced attorneys.
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