Is it illegal to hide assets in a divorce?

Is it illegal to hide assets in a divorce?

Hiding assets during a divorce is sneaky, unethical and illegal and it happens much more frequently than most women suspect. Many couples have complex financial portfolios. Not only can this be used to help determine alimony and child support, but it also serves as a tool to help detect hidden assets or income.

How do I find hidden assets in a divorce?

You may find bank statements, stock certificates, or title to property. Typically, it is easy to store documents away and hide them from the other spouse because when we have no reason to go looking for things, we do not. This may be one of the easiest and most effective ways to find hidden assets.

How can I find out if my spouse is hiding money?

Investigate credit card payments A careful analysis of bank statements also can reveal red flags that your spouse is hiding money. Look for wire transfers or electronic payments to accounts you don’t recognize. Also check credit card statements to see where the payments are coming from.

How can I find out if my wife has a hidden bank account?

DO look for hidden cash in your closets, crawl space, attic, file cabinets, and anywhere else money could be hidden. A safe deposit box is another popular (and discoverable!) hiding spot for cash. DON’T forget about your spouse’s business accounts.

How much money can you get for suing for emotional distress?

You can recover up to $250,000 in pain and suffering, or any non-economic damages.

How much should I ask for in pain and suffering?

The more severe, the more your number is multiplied by. For example, if a person has $4,000 in medical bills because of a torn ligament, they might multiply that amount by two. This would determine their pain and suffering value to be $8,000.