Handling Hidden Assets in Divorce

There is little chance you will forget about your home, cars, bank accounts, or other huge assets that you will have to divide. However, you just might forget about smaller assets that could add up to a big price. Don’t let your spouse walk away with several smaller items you own together. Let our team remind you of some of the most common smaller assets that need to be distributed properly.

For example, you probably have some antiques, jewelry, or just plain expensive household items in your home. If you have forgotten about your cappuccino machine or expensive wine cooler, your spouse may take advantage of you by claiming it while you are gone one day. You need to account for it so that you can decide who gets it. Even if you do not want the item itself, you should be compensated for it, either through money or a fair trade.

Assets that provide entertainment are often forgotten about or easily hidden. For instance, if you have a membership to a gym, golf club, or health club together, you need to divide it up with all your other assets. The same goes for season passes to the theater, theme parks, or athletic games. These are items that tend to cost a lot, so you will likely want to include them in the divorce.

Finally, there are some major financial assets that you may have forgotten about, or that your spouse may have purposely hidden. Examples include stock options, reward points on credit cards, and checks for reimbursements.

It is easy to forget about these items, and it is equally easy for your spouse to claim they do not exist so he or she can keep them. But our experts will work tirelessly to uncover any hidden assets so that equitable distribution is truly fair.