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Not surprisingly, assets are often hidden in a divorce situation. Why - properly basically greed, or the feelings of betrayal or anger at the want to divide assets in the divorce, or the worry of not having enough after the divorce all motivate the behavior of hiding assets.

In divorce, the parties assets are divided. Beneath the divorce laws of some states they are divided equally and beneath the divorce laws of other states, they are divided "equitably" or fairly. Equitably typically indicates equally to overworked divorce judges.

There is no way to know in advance if your spouse has or will hide assets in a divorce. You know your spouse much better than your divorce attorney will and you will need to alert your lawyer to the possibility of your spouse hiding assets. Just before you get to that point, nevertheless, there are some easy methods to take to prevent your spouse from becoming capable to hide assets. Those methods consist of discovering out everything you can about your assets just before divorce.

Prior to you alert your spouse that you are taking into consideration divorce, you need to compile and/or stockpile documentation about all of your assets. If you do not have understanding of your marital assets, it is time to discover out what is there. If bank and other statements come to the property, open them and write down account numbers and balances.

If you have access to the cancelled checks, copy those as nicely. It is not unusual for a spouse who is arranging a divorce to transfer cash to close friends or relatives with the plan becoming that they will give that income back following a divorce is finalized. So, you must overview those records and carefully scrutinize all big or suspicious transfers that take spot in the two or three years prior to or just right after the filing of a divorce action.

Make sure that you know exactly where the copies of your revenue tax statements are. If your spouse has a company, make confident you have a copy of numerous years of tax returns for that organization. All of these documents can be copied and hidden safely somewhere outside of the home in the event that you require them. Taking these simple pre-emptive measures can mean the difference in acquiring a fair settlement in divorce. It will also be incredibly helpful to your divorce attorney to have this information in advance.

If banking and other statements and financial records are not kept at or mailed to your home, you will require to acquire those records in other approaches. You can make contact with the IRS to get copies of any tax returns that you signed. Request copies of those returns and have them mailed to a diverse address - either a friend or relative or your divorce lawyer. If there are returns that you have not signed, such as enterprise tax records, you will not be able to obtain copies of those returns from the IRS. If you have access to your spouse's spot of enterprise, you could be able to find these tax returns there. If you are worried about your spouse hiding assets in a divorce, you actually do need to discover those returns and make copies of them - for as a lot of years as feasible.

If you have valuables, antiques, jewelry, art or other collectibles in your home, catalog all of them and if you have appraisals, make copies. It is not uncommon for those products to disappear or even to be pawned by a spouse in need of much more funds.

If you suspect that your spouse has engaged in some divorce planning and is hiding assets, let your divorce attorney know. Ask your divorce lawyer to subpoena records from any other person or entity who could be involved in assisting your spouse in hiding these assets. If need to have be, your attorney can use the services of an investigator to assist to get monetary records that have been withheld.Liberty Law Legal 7855 Argyle Forest Blvd Suite 909 Jacksonville, FL 32244 904-329-4138 click for family law attorneys jacksonville fl

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