Overlooked Financial Issues During Divorce- Hiding Assets

Divorce is commonly seen as one of the most stressful experiences one will ever go through.  Along with all of that stress, you are also making financial decisions that will most likely affect the rest of your life and perhaps the lives of your children as well.  For that reason, it’s a good idea to get the advice of a Certified Divorce Financial Analyst™ or some other financial professional during your divorce process.

Hiding Assets (attempting to hide assets)

Guess what.  As divorce professionals, we have seen it all.  The judges too.  In this electronic age that we live in it’s next to impossible to hide assets, so it’s best not to even try.  Divorce attorneys are experts in knowing what opposing spouses will try to do in order to hide assets, and if they can find the hidden assets, they can easily hire a forensic accountant to find the assets.

Remember this.  You are not the first one to get divorced.  You are not the first one to think that you can out smart your spouse’s attorney, and you are certainly not the first one to think that you have thought of something that has never been tried before.  Do yourself a favor and don’t even try.  Especially since most divorce decrees include a statement that awards any hidden assets, once discovered, become 100% the property of the other spouse.

Keith Powell, Certified Financial Planner® and Certified Divorce Financial Analyst​​™​
www.austindivorceplanners.com kpowell@austindivorceplanners.com 512-963-6883

Securities offered through SCF Securities, Inc. • Member FINRA/SIPC • 155 E. Shaw Ave., Suite 102, Fresno, CA 93710 • 800.955.2517 • 559.456.6109 FAX.  Investment advisory services offered through SCF Investment Advisors Inc. SCF Securities, Inc. and Austin Divorce Planners are independently owned and operated.  The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.  To determine what is appropriate for you, consult a qualified professional.