Preparing to dissolve a marriage can be a complex endeavor at times and there might be a variety of factors to address during this process. Identifying marital property is just one example of a step that could prove integral to safeguarding one’s future, but this can also prove challenging, especially if the other party attempts to conceal assets. Individuals in Georgia who are facing a divorce might find that taking steps to uncover hidden assets could be essential to keeping similar issues from affecting the outcome of their situations.
Hidden assets
When it comes to uncovering hidden assets, studies indicate that knowing the signs that might point to such unlawful behaviors could be vital. For instance, those who attempt to conceal assets may be more prone to exhibiting secretive or even controlling financial behaviors. Knowing where to look for hidden assets could also be imperative, and some common hiding spots may include anything from home safes to safety deposit boxes.
Studies also suggest that those seeking to conceal assets may also give assets to family members or friends until a divorce is finalized. There are various types of financial documents that may also hold information that is helpful in identifying marital assets, such as tax returns and loan documents. Hidden assets could also take on the form of digital currencies and uncovering similar assets can be challenging, but it is by no means impossible.
Identifying marital wealth
Those who are facing a divorce and have concerns about the possible presence of hidden assets might benefit from consulting with a family law attorney in the initial stages of the process. An attorney can help a client in Georgia better understand every step to take to unearth concealed assets and identify and value all marital wealth. Seeking such guidance might help place a person in a better position to pursue a fair and equitable settlement agreement during divorce proceedings and approach the next stage of life with peace of mind.
