People who are married in Texas might end up divorcing for a number of reasons. No matter what the reason may be, though, the lack of trust is usually the common denominator in may divorces. In light of this, some spouses who are going through divorce may suspect that their partners have tried to hide assets from them over the course of their marriage. Fortunately, they can take steps to uncover any assets that may have been hidden from them.
Understanding how married spouses hide assets from each other might be useful for quickly and efficiently unveiling hidden property. In certain cases, spouses assert that they do not have the assets while, in fact, they have hidden them. Other individuals try to give these assets to people outside of the marriage. Still other spouses say that their hidden assets are actually lost, or they might create fake debt.
Proving that a spouse has concealed property via the above methods is generally not easy. However, a good place to start looking for possible hidden assets is a previously filed tax return, as tax returns are usually effortless to access. On a return, a divorcing spouse may find discrepancies that raise red flags and point to the concealing of certain assets.
Looking for marital assets that have been hidden is no simple feat. However, if a divorcing spouse can inventory his or her assets as quickly as possible at the start of the divorce proceeding, this can boost his or her likelihood of finding concealed property. An attorney can help a spouse who is navigating the divorce process to aggressively pursue every asset that is due to him or her in Texas.