Concealing assets is a significant way that spouses can commit economic fault during a divorce in Alabama. When a divorce occurs in the state of Alabama, couples are required to provide each other with complete disclosures of economic status. Full disclosure is intended to make sure that each spouse is aware any legal rights concerning assets or debts attached to the marriage. Finances are often seen as a cornerstone of any divorce and a deciding factor in many issues attached to divorce including child support, property division, and spousal support.
In situations where concealing assets might be a possibility in a divorce, individuals benefit from consulting with an experienced Birmingham divorce attorney who knows how to determine whether such activity occurred.
The term “assets” is particularly expansive and includes business, property, or anything of significant monetary value. Assets do not always have to be direct income sources and can instead include sources like stocks, bonds, and various other ownership interests.
Fortunately, there are several signs that can suggest that a spouse might be hiding marital assets during a divorce. Some of the signs that individuals should be watchful for include:
An investigation is often essential to determine whether a former spouse has concealed assets. Rather than investigate alone and potentially miss significant assets, it is often in the best interest of individuals to consult with an experienced Birmingham divorce attorney who knows how to thoroughly investigate assets. Contact a talented Birmingham divorce attorney who has the experience and knowledge to help determine whether a former spouse has concealed assets.
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