Is your spouse hiding assets in the divorce?
On behalf of Stange Law Firm, PC posted in Divorce on Wednesday, November 28, 2012. When going through a divorce, it is not an option to disclose all assets. Rather, it’s a legal requirement. Failing to disclose all assets can even lead to consequences, like an ex-spouse ending up with all of what was not disclosed. In extreme cases, it can even lead to jail time. There are a number of ways a spouse can attempt to hide assets, like understating marital property, overstating debts, reporting higher expenses or reporting a lower income. Granted, in some cases failure to disclose can be an overlooked