[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.charlesullman.com\/tools-discover-hidden-assets-divorce#BlogPosting","mainEntityOfPage":"https:\/\/www.charlesullman.com\/tools-discover-hidden-assets-divorce","headline":"New Tools Discover Hidden Assets in Divorce","name":"New Tools Discover Hidden Assets in Divorce","description":"Money is easily the most contentious point in any divorce. But do you really have a solid view of your family\u2019s financial picture? Unfortunately, many spouses don\u2019t. Now, a company that specializes in finding hidden matrimonial assets has launched a new\u00a0blog\u00a0intended to help divorcing couples ensure they aren\u2019t being financially...","datePublished":"2013-02-21","dateModified":"2024-06-11","author":{"@type":"Person","@id":"https:\/\/www.charlesullman.com\/author\/charlesullman#Person","name":"Charles R. Ullman & Associates","url":"https:\/\/www.charlesullman.com\/author\/charlesullman","identifier":7,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/b1be1fb990426716ccc017175b6aa0896e4c2f7f629307d9491d2bf729b1cd81?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/b1be1fb990426716ccc017175b6aa0896e4c2f7f629307d9491d2bf729b1cd81?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Charles R. Ullman & Associates","logo":{"@type":"ImageObject","@id":"https:\/\/www.charlesullman.com\/wp-content\/uploads\/2019\/07\/logo.png","url":"https:\/\/www.charlesullman.com\/wp-content\/uploads\/2019\/07\/logo.png","width":310,"height":78}},"image":{"@type":"ImageObject","@id":"https:\/\/www.charlesullman.com\/wp-content\/uploads\/2019\/07\/tools-discover-hidden-assets-divorce.jpg","url":"https:\/\/www.charlesullman.com\/wp-content\/uploads\/2019\/07\/tools-discover-hidden-assets-divorce.jpg","height":334,"width":500},"url":"https:\/\/www.charlesullman.com\/tools-discover-hidden-assets-divorce","about":["Asset Division","Divorce & Separation"],"wordCount":506,"articleBody":"Money is easily the most contentious point in any divorce. But do you really have a solid view of your family\u2019s financial picture? Unfortunately, many spouses don\u2019t. Now, a company that specializes in finding hidden matrimonial assets has launched a new\u00a0blog\u00a0intended to help divorcing couples ensure they aren\u2019t being financially duped by their spouses.Introducing the \u201cDivorce Asset Hunter\u201d Blog by Charles Griffin IntelligenceCharles Griffin Intelligence, a consulting company in New York, developed its \u201cDivorce Asset Hunter\u201d blog to provide the public with information about ways that sneaky spouses mask considerable amounts of money and assets to avoid big losses in a divorce.Common Methods Spouses Use to Hide AssetsHere are some of the most common ways that spouses try to disguise their assets during a divorce, according to the blog\u2019s lead writer, Philip Segal:Secret side companies and partnerships;Assets controlled by \u201cstraw\u201d purchasers (including parents, siblings, close friends, and associates);Real estate;Financially fraudulent transactions (\u201ccooking the books,\u201d paying \u201cghost\u201d employees, and failing to record business receipts);Secretly purchased valuables.Using Electronic Discovery to Uncover Hidden AssetsAlthough scheming to hide assets does happen in divorces, it\u2019s getting harder for spouses to get away with it. A handy tool called electronic discovery, or e-discovery, has opened doors for divorce attorneys in North Carolina and elsewhere to sift through countless computer records and transaction histories to discover hidden caches of money.\u201cWhile in the past a paper trail might be hidden by a second set of books or the shredding of documents, the trail left by files on a computer is etched onto a hard drive somewhere, just waiting to be discovered,\u201d Ken Altshuler, president of the American Academy of Matrimonial Lawyers, told the\u00a0Wall Street Journal.Steps to Take if You Suspect Hidden AssetsIf you are concerned that your spouse has been hiding assets, it\u2019s important to mention it to your\u00a0divorce lawyer. This is especially important in cases where one spouse is the primary breadwinner or is the person solely responsible for paying the bills and reviewing bank statements.Your attorney will determine the best way to proceed to gain a better understanding of your marital finances. That could range from requesting your spouse to provide documentation to subpoenaing financial institutions or other companies to provide information about financial holdings.If you are thinking of initiating divorce proceedings, we advise you to start making copies of any financial records that you have on file now. That includes bank statements but also retirement account statements, business records, loan paperwork or any other information about your assets and debts. This information will be an essential resource for your attorney as he or she begins to evaluate your case.Contact Charles Ullman & Associates for Asset Division QuestionsIf you have other questions about asset division, the Raleigh family law firm of Charles Ullman & Associates is here to help. Call toll-free or use our\u00a0online contact form\u00a0to get the answers you need today."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"New Tools Discover Hidden Assets in Divorce","item":"https:\/\/www.charlesullman.com\/tools-discover-hidden-assets-divorce#breadcrumbitem"}]}]