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Hidden Assets Archives

Valuing Intellectual Property in Divorce

The division of assets in divorce is generally thought of in tangible terms - bank accounts, retirement accounts, and real estate. Yet intellectual property, such as software, copyrights, and trademarks can carry value as well - and they are becoming more and more common in divorces. So how, exactly, do you value these intangible assets? The following explains. 

Financial Fraud in Divorce - What You Can Do to Protect Your Divorce Settlement

When going through divorce, most people would like to believe that their spouse still values their marriage enough to be honest and fair in their disclosure of assets and income. Unfortunately, this is not always the case. No one really knows how often it happens - after all, many do end up getting away with it - but the issue is common and one that you should be aware of. Learn more with help from the following information on financial fraud in divorce. 

Dissipation of Assets in Divorce - What is It and What Can You Do?

For some couples, the path to divorce is fairly peaceable. They know their marriage is ending, may even remain friends, and simply want to move on with their lives. For others, the process is contentious. They may bicker over seemingly trivial issues because they feel hurt or betrayed. One or both parties may seem greedy, petty, or spiteful. Such divorces can become so ugly that things - assets, money, furniture, artwork, and other things of value - start to disappear. This is known as a dissipation of assets. 

Your Assets and Divorce - The Difference Between Asset Hiding and Asset Protection

It is only natural to want your fair share in a divorce, and there is nothing wrong with protecting assets that are rightfully yours. An attorney can help you with all of this, but it is possible to take things too far and deceptively try to keep more than you should. A civil and potentially even a criminal matter, such practices are known as asset hiding, and they can land you in trouble. Understand the difference and learn how you can legally protect your assets during your divorce. 

Hidden Assets and Divorce: Panama Papers Reveal Tricks Spouses Use to Hide and Withhold Money During Divorce Proceedings

Divorce is never easy, but those that are considered "high net worth divorces" can be especially tricky. Stakes are higher, arguments may be explosive, and feelings of animosity or vengefulness may pave the way for dishonesty in asset disclosure. This can be especially disastrous when one party holds all of the cards (or the assets) and decides that their soon-to-be ex-spouse should not receive his or her fair share. 

Common Techniques for Hiding and Discovering Marital Assets

When an individual believes that a divorce is unavoidable, he or she may panic. As a result, he or she may try to hide money or assets to avoid losing them in the divorce. If your spouse is playing games with your family finances, it then puts you at a disadvantage. However, there are teams of experts who are trained to detect fraudulent financial activity in a divorce, and to find missing assets. 

How Can You Find Hidden Assets in an Illinois Divorce?

When a marriage begins to fall apart, one spouse may attempt to hide assets and other sources of income to avoid splitting these assets in a divorce settlement or may want to attempt to lower a future child support or spousal support obligation. Illinois law, however, requires judges to equitably divide marital property in divorce settlements. Therefore, if one spouse hides marital property, a court ordered division of marital property will not be equitable.

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The Stogsdill Law Firm, P.C.
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Wheaton, IL 60189

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