Helping Clients Uncover Hidden Assets
The best way to value and divide assets is for both parties in a divorce to be up front and honest about what they own. At Mark Rush Williamson, PC in Dallas, Texas, we are experienced in identifying and locating assets that have been hidden before or during a divorce in hope that they are not subject to distribution.
Texas law mandates that the parties in a divorce disclose ALL assets. The assets are then valued and divided in an equitable fashion. Failing to disclose assets can be a simple mistake or an outright act of deception. On some occasions, hidden assets are not discovered until after a divorce has been finalized.
At Mark Rush Williamson, PC, we represent clients who suspect that their spouse is hiding assets. If we find proof that he or she has hidden assets, we will bring that to the attention of the presiding judge. We do not condone the hiding of assets and we will aggressively represent clients and their children victimized by this deception.
Consequences of Hiding Assets
Hiding assets carries harsh consequences and penalties. The act itself is illegal and you could be found in contempt of court. Once discovered, the asset is sometimes simply awarded to the other spouse. Many times, the act is not intentional, but due to confusion over the definition of community property. Before finalizing the process of dividing your assets, contact an attorney to answer any questions you might have about what is a marital asset.
For more information, or to schedule an appointment with an experienced lawyer about ways to locate hidden assets, please contact us.