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Florida divorce: Ensuring that a spouse is honest about assets

On Behalf of | Nov 1, 2013 | Firm News |

Couples who have decided that their marriage is over have many issues to settle between them. One of those may concern whether one party has tried to conceal assets during the divorce process. One publication has recently offered some pointers that may be useful for separating couples in every state, including Florida.

The suggestions included possible resources that some spouses may not have considered checking. Many divorcing couples may check bank statements and deposit history, but some may not have thought of requesting statements from employers as to whether there may be undisclosed perks including deferred payment agreements or stock ownership. Divorcing spouses may ask their attorneys to submit paperwork to employers requesting that all forms of compensation are properly noted in the records.

Other tips included doing a search of public records looking for property that one spouse may not have been aware of. There is also the information that may be obtained by checking cancelled checks and matching payments with known bank accounts. Also, records of the mortgage and property tax payments can be sought in order to ensure that the records reflect claimed accounts.

While going to the effort to ensure that there are no hidden assets may sound like a great deal of work on top of the emotional costs that come with divorce, the process may provide a worthwhile result. If either party were to discover that his or her former spouse had tried to conceal assets, then the effort may have been worth the benefit they stand to receive when assets and property are divided during the divorce. Florida residents who may be considering a divorce have many resources in the state that may provide information and support as they begin this new chapter in their lives.

Source: Huffington Post, Discovering Hidden Assets: What Your Spouse Hasn’t Disclosed During Your Divorce, Bonnie Sockel-Stone, Oct. 30, 2013

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