When dividing your marital estate during divorce, be sure all your assets are on the table.
Hiding assets before or during a divorce proceeding is common. There are a variety of means and methods used to deter a spouse from receiving his or her fair portion of the marital estate.
In Minnesota, courts divide your marital property equitably. This means wealth, debts and property are divided fairly, not equally. People of all income levels have tried to hide or dispose of assets in preparation for divorce.
Financial net worth usually drops immediately after divorce. Some spouses may employ the following tactics to cushion a financial fall and block their ex from receiving their fair share of the couple’s marital property:
If you have concerns about hidden assets, your attorney may request a mirror copy of all computerized accounting records of your marital property. Forensic analysis can recover passwords and account locations and track money transfers and other information necessary to ensure your share of the marital property.
Tax records may be just a starting point. When you are concerned about hidden assets during divorce in Minnesota, talk to an experienced family law firm in St. Paul.
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