What if you find hidden assets after you’ve divorced?

On Behalf of | Jun 1, 2020 | High Asset Divorce

Couples going through a high-asset divorce often have more complications and concerns than couples with limited resources and assets. After all, the more you have, the more there is to fight over. Higher assets can also increase the likelihood of one spouse engaging in underhanded tactics in an attempt to hide assets from their spouse or the courts.

Ideally, if your spouse attempts to hide assets prior to your divorce, you, your attorney or a forensic accountant will locate those financial discrepancies prior to divorce proceedings. That way, you can ask the court to divide them fairly along with other marital property. So what happens if you discover substantial hidden assets after the divorce?

Your spouse broke the law, and there can be consequences

In many ways, you will be the one in control of what happens when you find assets hidden by your spouse after the divorce. People can find out about hidden assets directly from a bragging ex or possibly through mutual friends. Even social media can be a major tip-off in some cases.

You can choose not to take action. However, if you decide to provide the evidence you collected to the courts and ask them to review the situation, it’s possible that they might adjust the property division from your divorce to reflect the underhanded and illegal tactics your ex took to hide assets from you and the court.

There have even been cases where the courts have awarded the entire amount of the hidden assets to the spouse deprived of their value during a divorce. In other words, if you find hidden assets after the divorce, it may be beneficial to you to pursue your fair share of them.