The Law Office of Zoe Meigs, P.C.
Dedicated To Your Goals & Future

Hidden assets can be found by investigating

When couples in the Fort Worth, Texas, and Tarrant, Texas, areas get engaged, they tend to be very excited about enjoying married life together. For better and for worse, this often means that they are not focused on coming to practical understandings together about their finances. However, when the couple gets a divorce, finances wind up being front and center.

Views of finances, at the time of a divorce, are colored by the antipathy that the husband and wife feel for each other. That antipathy, reflective of deep distrust, can lead one spouse to presume that the other spouse is trying to defraud him or her financially. Statistically speaking, that only happens in a small percentage of divorce cases. If your spouse has earned modestly throughout the marriage, it is unlikely that they have a million dollars in a Cayman Islands account or big boxes of cash buried in the backyard.

Still, if you have reason to believe that your spouse is hiding money that you want to get some or all of in a divorce, you can investigate. After all, getting half of $50,000 is much different from getting half of $500,000. Your spouse may have gotten friends and relatives to help with concealing money by telling them that you were emptying bank accounts and racking up debts.

A forensic specialist can track the paper trail of money throughout the history of the marriage and determine if it looks like some money is unaccounted for. They do that by examining tax returns, credit card statements, bank statements, business ledgers, retirement accounts and appraisals of properties owned. They will also look at stock options, expense accounts, bonuses and deferred compensation plans that can affect the divorce settlement.

When all that is done, they will give you a report. You can then use that report, if the court allows it, to pursue a higher divorce settlement.

Source: HuffPost, "Financial Fraud and Divorce," Peggy L. Tracy, accessed Jan. 24, 2018

No Comments

Leave a comment
Comment Information

Hear what my Clients say

"Ms. Meigs makes thoughtful recommendations based on research. She is also compassionate and has a real desire to help you through a difficult situation."

Email Us For A Response

Contact Me

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

603 E. Belknap St. #102 Fort Worth, TX 76102 Toll Free: 800-483-9142 Phone: 817-381-9905 Fax: 817-336-4448 Map & Directions