Hidden assets and divorce
Nevada spouses might be surprised to hear how many times spouses try to hide assets during a divorce. In fact, at Kainen Law Group, PLLC we have seen cases where spouses engaged in elaborate plans of deception to hide large amounts of income and assets during marriage as well as during the divorce process itself.
The most important part of a divorce that involves hidden assets is the process of exposing the fraud. At Kainen Law Group, PLLC when we or our client have any concern about the possibility of asset hiding, our firm will employ financial experts and forensic accountants to track down the money that may have been hidden. During this process, we will leave no stone unturned to determine the when, where, how and how much related to the hidden assets that you have a legal right to in your divorce proceedings.
The practice of hiding assets is highly illegal. Spouses who are “caught in the act” will be viewed critically by Nevada family law judges. Those who engage in the hiding of assets will face penalties, such as monetary fines, higher alimony payment amounts and even jail time in certain circumstances. In some circumstances, when a spouse is proved to be hiding assets, a judge may award the other spouse the whole share of all assets as compensation for the deceit that was committed.
Do you suspect that your spouse has hidden marital assets? Bring your concerns to the attention of your divorce lawyer immediately. The sooner you address the threat of hidden assets in your divorce proceedings, the better chance you will have of tracking them down and holding your dishonest ex-spouse accountable for his or her dishonest actions.