Compassionate Family Lawyers You Can Rely On

Valuating Hidden Assets During Divorce

Divorce Lawyers Serving Orange County, CA

Our Irvine divorce attorneys at The Buncher Law Corporation are experienced in working with leading forensic accountants and business evaluation experts to identify and properly value and divide community property assets. It is not uncommon for one spouse to attempt to hide community property assets, or to cause a community property business he or she is in control of to appear to have decreased in value. Whether you are trying to uncover your ex-spouse's hidden assets, protect your separate property, or prevent the community from taking an unfair portion of your business, our attorneys are here to help you.

Tell us about the details of your case during an initial consultation: (949) 536-7500.

How Are Marital Assets Hidden?

It is particularly common for a spouse to hide assets when he or she has been primarily in control of the families' finances. This is also true when both spouses, for one reason or another, have kept "their" respective finances and accounts separate, even though under the law they are community property and must be divided evenly. Funds and properties can be hidden by a variety of means, such as holding accounts or title to property in a sibling's or friend's name (often referred to as a fraudulent transfer). Such conduct is a violation the spouse's fiduciary duty, and can result in the harmed spouse being awarded well more than his or her half community property share of the asset as a punishment to the wrongdoing spouse.

Among several other techniques, accounts can be manipulated to make:

  • The company appear to be less profitable than it really is
  • Cause the business to have false or inflated debts and/or expenses
  • Postpone and/or hide accounts receivables.

Furthermore, if the wrongdoing spouse is caught lying under penalty of perjury, they can be subject to criminal punishment. Also as noted, one spouse may also attempt to artificially deflate the value of an asset that contains a community property interest, such as a business.

Contact our legal team today to begin strategizing for your asset valuation case.

Helpful Family Law Resources

Family law can be complex, but there are plenty of resources available to assist you. Browse through the various resources our team provides to help simplify your legal process in every way possible.

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