Attorney Katherine Kraus

Best Attorney
in Peoria!!!

Best Attorney
in Peoria!!!

Unearthing hidden assets at the end of a marriage

On Behalf of | May 11, 2023 | Divorce

Going through the end of a marriage can be stressful and challenging under any situation, and it might not always be easy to know what to expect from such a process. With emotions running high, you may worry that you might overlook some vital factor that could have a significant impact on the outcome of your situation.  

One factor that you might not want to overlook could pertain to unearthing the possible presence of hidden assets. Knowing what types of behaviors might indicate such unjust activity and some places to look for concealed assets may help place you in a better position to preserve your interests during divorce proceedings. 

Hidden asset topics 

Uncovering hidden assets may be integral to properly identifying and valuing all marital property and in preparing to pursue a fair and equitable divorce settlement. Some topics to address regarding hidden assets may include: 

  • Secretive behaviors: Studies indicate that those who attempt to hide assets may be more prone to exhibiting secretive financial behaviors or attempting to take sole control of marital financial affairs. 
  • Places to look: Some popular hiding spots for assets could range anywhere from safety deposit boxes to home safes. Searching for new bank accounts may also be vital to finding concealed assets. 
  • Documents to obtain: Experts suggest that reviewing recent tax return and loan documents could also prove essential. These documents could hold thorough information on all types of marital possessions. 
  • Family and friends: In some cases, one may also try to hide assets by entrusting them to family members or friends until after finalizing a divorce. While it might be difficult to uncover hidden assets under such scenarios, it isn’t impossible. 

It may also be helpful to look for cryptocurrencies and other forms of digital assets, as studies indicate that efforts to hide assets via similar means may occur far more often than you imagine. 

Your future interests 

Unearthing hidden assets can be integral to safeguarding your interests during the end of your marriage. While this can prove complex at times, you don’t have to face this process alone. Seeking insight on steps to take to achieve such goals could prove exceedingly beneficial. This could help you prepare to protect against such unjust behavior and place you in a better position in which to seek the most favorable outcome achievable regarding your future in Oregon during subsequent divorce proceedings. 

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