Vernier & Associates PLLC - The Woodlands Divorce Lawyers
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Vernier & Associates PLLC - The Woodlands Divorce Lawyers
Available 24 Hours A Day
a skilled trial attorney with a proven track record.
committed, experienced legal advocates on your side
results-oriented, experienced, assertive
zealous representation from experienced family law attorneys
a skilled trial attorney with a proven track record.
committed, experienced legal advocates on your side

Divorce: Hidden money and how to find it

| Aug 8, 2018 | Divorce

When a marriage ends, the ideal is an amicable parting where both parties are satisfied with the agreement reached and nobody feels done in. Unfortunately, this is not always the case.  Often, divorce is the result of a loss of trust in one or both of the parties.

When trust is lost, Texas couples in the midst of divorce may wonder if the other person may be lying about something. Often the mistrust is founded as one hears so many stories about hidden assets or special friends. Fortunately, there are ways to find possible hidden bank accounts by forcing the other party’s hand and getting him or her to expose where money may be hidden.

During a divorce, both parties must disclose all assets in order to ensure that assets and property are divided in accordance with Texas community property laws.  Full disclosure of all assets is required, including bank accounts, cars, real estate and all other assets. If someone thinks his or her partner may be hiding assets, a careful examination of bank accounts provided during full disclosure to locate missing statements and/or transfers to other accounts can provide valuable information.

A party who still believes that the other partner did not disclose all information during the voluntary disclosure has the right to formally request financial information. Depositions are taken under oath, which means the person interrogated is required to answer truthfully, under penalty of perjury, and people are more reluctant to lie under these circumstances.  During such depositions demands can be made for tax filings, information regarding bank accounts, as well as trust and estate documents.

When a marriage is ending and one party believes that the other may be hiding money, consulting a Texas divorce lawyer may be beneficial. Lawyers often deal with finding information withheld from a partner, as hidden bank accounts are more common than many realize. While honesty and truth is what one hopes for, the law provides remedies for those who have been victimized by a dishonest litigant.  

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