In many marriages, one spouse handles the finances while the other handles other household matters. For happily married couples, this arrangement can work great. However, when there’s a divorce, the party unfamiliar with the finances can be at a disadvantage. Knowledge is power.
Clients often come in and express a concern that their spouse is concealing assets. That’s when the divorce attorney must put on their detective hat and see what they can find. Tax returns offer great clues because any interest or dividend income will be listed out on a schedule. If there is income listed from ABC bank, yet no documents are produced from any such account, a divorce lawyer can send a subpoena to the bank to obtain the bank statements. Another place to look is loan applications. If any real estate was recently purchased or refinanced, a subpoena can go to the bank to obtain the application. The application will show a list of assets and income.
There are lots of other “tricks of the trade“ divorce attorneys can use to try to find any hidden money. Because every situation is different, experience and creativity are a must.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment
Note: Only a member of this blog may post a comment.