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Divorce:How To Uncover Sneaky Undisclosed Assets
Do you ever feel like you know just enough about divorce to
be dangerous? Let's see if we can fill in some of the gaps
with the latest info from what I have discovered consulting
with some of my clients.
I don't claim to be an divorce expert, but as an entrepreneur
I have seen my fair share of spousal disputes over money.
When certain couples become successful it seems to change
them, why? I'm not sure but success for some people is
a stumbling block in other departments. and when it comes
to divorce it makes matters worse.
I intended this article to be more of a resource as to how
when you don't put the proper assest protection in place
bad things can happen to good people and vs versa.
If you base what you do on inaccurate information, you
might be unpleasantly surprised by the consequences.
Sneaky undisclosed Assets are common in a divorce
situation. Why - well simply greed, or the feelings of
betrayal or anger at the need to divide assets in the
divorce, or the fear of not having enough after the divorce
all motivate the behavior of hiding assets.
In divorce, the parties as.sets are divided. Under the
divorce laws of some states they are divided equally and
under the divorce laws of other states, they are divided
"equitably" or fairly. Equitably often means equally to
overworked divorce judges.
There is no way to know in advance if your spouse has or
will not reveal assets in a divorce. You know your spouse better
than your divorce attorney will and you will need to alert
your attorney to the possibility of your spouse covering up
assets.
Before you get to that point, however, there are
some easy steps to take to prevent your spouse from being
able to not reveal assets. Those steps include finding out
everything you can about your assets before divorce.
Before you alert your spouse that you are considering
divorce, you need to complile and/or stockpile
documentation about all of your assets. If you do not have
knowledge of your marital assets, it is time to find out
what is there.
If bank and other statements come to the
house, open them and write down account numbers and
balances.
If you have access to the cancelled checks, copy those as
well. It is not unusual for a spouse who is planning a
divorce to transfer money to friends or relatives with the
plan being that they will give that money back after a
divorce is finalized. So, you should review those records
and carefully scrutinize all large or suspicious transfers
that take place in the two or three years prior to or just
after the filing of a divorce action.
Make sure that you know where the copies of your income tax
statements are. If your spouse has a business, make sure you
have a copy of several years of tax returns for that
business. All of these documents can be copied and hidden
safely somewhere outsided of the house in the event that
you need them. Taking these simple pre-emptive steps can
mean the difference in obtaining a fair settlement in
divorce. It will also be incredibly helpful to your divorce
attorney to have this information in advance.
If banking and other statements and fina.ncial records are
not kept at or mailed to your house, you will need to
obtain those records in other ways. You can contact the IRS
to obtain copies of any tax returns that you signed.
Request copies of those returns and have them mailed to a different
address - either a friend or relative or your divorce
atttorney. If there are returns that you have not signed,
such as business tax records, you will not be able to
obtain copies of those returns from the IRS.
If you have access to your spouse's place of business, you may be able
to find those tax returns there. If you are worried about
your spouse not revealing ass.ets in a divorce, you really do need
to find those returns and make copies of them - for as many
years as possible.
If you have valuables, antiques, jewelry, art or other
collectibles in your home, catalog all of them and if you
have appraisals, make copies. It is not unusual for those
items to disappear or even to be pawned by a spouse in need
of more funds.
If you suspect that your spouse has engaged in some divorce
planning and is covering as.sets, let your divorce attorney
know. Ask your divorce attorney to subpoena records from
any other idividual or entity who could be involved in
assisting your spouse in hiding those assets. If need be,
your attorney can use the services of an investigator to
help to obtain finan.cial records that have been withheld.
(c)copyright 2006 Niche Profit Marketing
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Author Info:
Peter ParPeter Parks is a successful netpreneur. He has taught tested internet marketing techniques to 100's of clients. articleD@divorce.emailaces.com http://niche-profit-marketing.com/divorce-advice-kit