How is it determined who gets the house in a divorce?

How is it determined who gets the house in a divorce?

In most divorces, the marital home is a couple’s biggest asset. It’s also the center of family life and often serves as an anchor for families with minor children. If a judge determines that the marital home is one spouse’s separate property, the solution is simple: the spouse who owns it, gets it.

What are the consequences of hiding assets during divorce?

If your spouse does not disclose sought after documents as required by the Court Rules, they may be faced with a Court Order at a later date precluding them from being able to rely on it or worse may be found to be in contempt of Court and ordered to pay be ordered to pay costs and, worst of all, their case may be …

Is it possible to hide money during a divorce?

Hiding funds during a divorce is a morally objectionable and highly illegal practice. That doesn’t mean people don’t try. Ask any divorce lawyer and they’ll tell you that hiding money is never, ever, the right move.

What if husband hides money during divorce?

If a spouse is caught hiding assets, the court may require them to pay the spouse’s share of the assets to them. For example, if $10,000 in marital assets were hidden, the judge may order the spouse who hid the assets to pay $5,000 to the other spouse.

Can a forensic accountant find hidden bank accounts?

The forensic accountant, working with the divorce attorney, will look for signs of financial activity that looks suspicious. They may find assets that were previously unknown, like a bank account full of cash, an expensive piece of real estate, or a secret investment portfolio.