Finding Hidden Assets
In an ideal situation, both parties involved in a New Jersey divorce would be upfront and honest about all of their assets and liabilities. Through honesty and effective communication, those assets and liabilities can then be valued and divided accordingly. Unfortunately, this is not always the case. Shortly before filing for divorce or during a difficult NJ divorce, some spouses may attempt to hide their assets to prevent them from being subjected to equitable distribution. In these situations, a seasoned divorce attorney can assemble a team to help track down the missing assets.
New Jersey law requires that all parties involved in an NJ divorce disclose all of their assets. While failure to disclose assets can be deliberate, in some cases it can be a simple oversight. Understanding what assets are classified as marital property and what assets are classified as separate property can prevent any unnecessary confusion during the divorce process. Divorcing New Jersey couples must disclose all of their income, assets, debts, and liabilities including:
- Real estate
- Bank or savings accounts
- Retirement accounts (ie. 401K accounts)
- Business ownerships
- Stock options
- And more
A knowledgeable New Jersey property division attorney at Weinberger Divorce & Family Law Group, LLC will analyze all aspects of your divorce and ensure that all of your marital assets are properly valued and distributed equitably.
A Property Division Attorney in Your Corner
The NJ property division attorneys at Weinberger Divorce & Family Law Group, LLC are proficient at finding hidden assets using the following methods:
- Performing a formal lifestyle analysis
- Investigating income in the relationship
- Tracking expenses throughout the relationship
Through efficient investigating and examination, the attorneys at Weinberger Divorce & Family Law Group, LLC will not only establish a trail of assets, but also help you protect your rights to these assets. In order to establish this trail, our skilled New Jersey property division attorneys utilize outside resources when necessary, including forensic accountants. In cases where accounts, businesses, and real estate must be analyzed, an appraiser may be used to help value the assets in question. In cases where cash earnings are involved, these outside resources prove to be invaluable when performing a lifestyle analysis.
If you believe your New Jersey spouse is hiding assets in your divorce, in order to reduce your share of the final asset division, it is important to discuss your case with an NJ divorce and family law attorney immediately. Protect your rights and your assets before finalizing your New Jersey divorce. Contact the trusted New Jersey property division attorneys at Weinberger Divorce & Family Law Group, LLC to schedule your consultation.