Riverside Hidden Assets Lawyer

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Riverside Hidden Assets Attorney

Property division is one of the most contentious aspects of getting divorced, and people often try to cheat the system. They try to keep bank accounts, real estate, vehicles, and other property a secret from their spouse so that they don’t have to divide those assets fairly as part of the community property of the marriage. If you’re concerned that your spouse might be engaging in this kind of behavior, you should hire a Riverside hidden assets lawyer.

The team here at Edgar & Dow focuses exclusively on family law, including divorce law, property division, and finding hidden assets. We’re intimately familiar with hidden asset laws and how we can use them to uncover bank accounts, stock options, and any other type of property your spouse may be trying to hide. Let us protect your financial interests and ensure that you get what you’re due in your divorce proceeding.

best hidden assets lawyer in riverside

Hire a Hidden Assets Lawyer

Riverside, CA, has a median income of $81,909, which is much higher than the national average. In some neighborhoods, such as the relatively wealthy Alessandro Heights, the median income ranges as high as $250,001. In other words, there are a lot of relatively high-net-worth people and couples living in the City of Arts and Innovation. In 2023, California’s divorce rate was 7.45%, which means that plenty of those couples are dissolving their marriages each year.

Whether you think your spouse might be hiding a single piece of real estate or an offshore bank account, you should hire a hidden assets lawyer to help you uncover any property that might otherwise slip under the radar. While people involved in high-asset divorces are the most prone to asset concealment, any spouse can try to withhold essential financial information.

How Your Lawyer Can Uncover Hidden Assets

The simplest way to uncover concealed assets is to work with a hidden assets attorney in Riverside and possibly a forensic accountant. Attorneys have access to tools such as:

Interrogatories. Interrogatories are requests for information that your spouse is legally bound to comply with. They must be answered not just truthfully but within a specified date range. Interrogatories can be used to uncover information from tax returns and bank account statements, titles and liens, estate and trust documents, safe deposit box entries, retirement account statements, and savings account balances.Depending on the complexity of the information obtained via interrogatories, you may need the help of a forensic accountant who can parse through everything and make sense of it, ensuring that there are no other avenues for concealing wealth.
Depositions. Depositions are a form of sworn testimony that’s taken in front of a court reporter. The information can be heard by both parties and may be used later in court if necessary. Depositions can be used to get your spouse on record regarding their assets.

Additional Tips for Finding Concealed Wealth

You can also do some sleuthing on your own. If you believe your spouse is concealing wealth, you should look for things that don’t add up. They can include:

Social media posts about vacations or large purchases outside of their income level
Large chunks of mortgages or other debts are suddenly paid off
Kids are getting excessively expensive gifts
Secrecy about work, such as removing information from LinkedIn or refusing to discuss work matters at home
Using unknown banks or financial apps
Secrecy about accounts, banks, or jobs
Discrepancies between income and lifestyle

If you notice any of these issues coming up, there’s a good chance that your spouse is trying to hide assets to prevent them from being divided during a divorce and/or make it look like they can afford less child support or alimony than is truly the case.

FAQs About Riverside, CA Hidden Assets Laws

How Much Does a Hidden Asset Lawyer Cost?

How much a hidden asset lawyer costs depends on the specifics of your case. If you’re in a high-net-worth marriage with a deceitful person who has gone to great lengths to hide valuable assets from you during your divorce, it will take longer to resolve this issue than dealing with a spouse who didn’t disclose one personal bank account. More experienced lawyers often charge more for their services, as well.

What Is the Legal Term for Hiding Assets?

The legal term for hiding assets in a divorce is concealment. The term refers to the intentional misrepresentation of financial assets to avoid dividing them in a settlement. In many places, hiding assets is also considered a breach of fiduciary duty since spouses have a legal obligation to act in each other’s financial interests.

What Type of Lawyer Do You Use to Find Hidden Assets?

The type of lawyer you use to find hidden assets could be referred to as a hidden asset lawyer, a property division lawyer, or a divorce lawyer. Most of the time, the same legal team that helps you track down hidden assets can also help with other aspects of property division, such as protecting your rights and financial interests while the process takes place.

How Do I Prove My Ex Is Hiding Assets?

You can prove your ex is hiding assets by hiring a Riverside hidden assets attorney. Your attorney will be able to use tools such as interrogatories and depositions to force your spouse to provide financial information or testify about property they are trying to keep hidden. In some cases, your lawyer may also recommend hiring a forensic accountant to evaluate your spouse’s finances.