[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/nmichlaw.com\/blog\/hiding-assets-is-it-a-way-to-get-more-out-of-divorce\/#BlogPosting","mainEntityOfPage":"https:\/\/nmichlaw.com\/blog\/hiding-assets-is-it-a-way-to-get-more-out-of-divorce\/","headline":"Hiding Assets: Is It A Way to Get More Out of Divorce?","name":"Hiding Assets: Is It A Way to Get More Out of Divorce?","description":"You may have had a realization that there is an asset your spouse doesn\u2019t know about or that you have the ability to hide income they weren\u2019t aware of, but should you? If you\u2019re going through a divorce, the simple &hellip; <a href=\"https:\/\/nmichlaw.com\/blog\/hiding-assets-is-it-a-way-to-get-more-out-of-divorce\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a>","datePublished":"2021-06-21","dateModified":"2022-06-20","author":{"@type":"Person","@id":"https:\/\/nmichlaw.com\/blog\/author\/nmichlaw\/#Person","name":"Alward Fisher","url":"https:\/\/nmichlaw.com\/blog\/author\/nmichlaw\/","identifier":10,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/63071aa228c966abd886a2cbb647b07806c39706d3fbac14fe9c4c475edc7457?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/63071aa228c966abd886a2cbb647b07806c39706d3fbac14fe9c4c475edc7457?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Alward Fisher","logo":{"@type":"ImageObject","@id":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/09\/logo-fisher.png","url":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/09\/logo-fisher.png","width":288,"height":103}},"image":{"@type":"ImageObject","@id":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/10\/feature-home-mobile-1.jpg","url":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/10\/feature-home-mobile-1.jpg","height":"100","width":"100"},"url":"https:\/\/nmichlaw.com\/blog\/hiding-assets-is-it-a-way-to-get-more-out-of-divorce\/","about":["Divorce"],"wordCount":447,"articleBody":"You may have had a realization that there is an asset your spouse doesn\u2019t know about or that you have the ability to hide income they weren\u2019t aware of, but should you? If you\u2019re going through a divorce, the simple answer is no. You should not hide assets from your spouse or the court, because doing so could end up resulting in you losing those assets and facing trouble for breaking the law.It\u2019s more important that you understand that hiding assets isn\u2019t legal and that anyone who hides assets may be held accountable in family court. Even if assets are hidden, there are ways to find them. Remember, the court does ask you to disclose all of your assets, and failing to do so intentionally will lead to trouble.How are hidden assets located? Where are they usually found?You may find it interesting, but the first place most forensic accountants or attorneys will look to identify missing or hidden assets is a tax return. Yes, even though someone may hide an asset physically, it\u2019s less likely that they won\u2019t report it on their taxes. For example, your spouse might try to hide extra income, but it\u2019s likely still reported on the tax return.Another place to look is your checking account. A forensic accountant will search through the account for unusual deposits or withdrawals, so that those can be looked into further. Similarly, you may get mail about an account that you don\u2019t recognize. Keep that document, because a forensic accountant may be able to link it to your spouse.Finally, you can check with the court to see if your spouse has taken out loans. If so, that application may include assets that the person owns (some of which you may not know about).Don\u2019t hide assets, but remember to look for themThe simple rule for your divorce is not to\u00a0hide assets, because it\u2019s likely that they will be found. If you think your spouse is hiding assets, the above-mentioned methods can help you find them, so that you can ask for your fair share of any\u00a0shared marital assets\u00a0upon divorce.About the AuthorLatest PostsAlward FisherAt Alward Fisher, we provide more than savvy legal representation. We provide peace of mind. Peace of mind for your business. Peace of mind for your family. And the peace of mind for your future. No matter what types of legal challenges you are facing, we can help you find solutions.Can Someone with the Power of Attorney Change a Will?Can a Divorce Be Denied in Michigan?What Is the Downside of Collaborative Divorce?"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/nmichlaw.com\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Hiding Assets: Is It A Way to Get More Out of Divorce?","item":"https:\/\/nmichlaw.com\/blog\/hiding-assets-is-it-a-way-to-get-more-out-of-divorce\/#breadcrumbitem"}]}]