What You Need to Know About the Concealment of Assets in CA Divorce

What You Need to Know About the Concealment of Assets in CA Divorce

When couples get divorced and they cannot agree on the terms of their divorce, they will enter the equitable distribution process. Essentially, this is the process by which the courts will divide both spouse’s assets into two categories–marital and separate assets–and from here, they will equitably divide the marital assets between the two spouses. That being said, equitable seldom refers to a 50/50 split. The phrase “equitable” generally means a fair and just distribution of the marital assets, in the eyes of the court. Simply put, very often, one spouse will receive a greater portion of those assets than the other in a divorce.

For this very reason, spouses frequently hide certain assets, or purposefully dissipate them when getting divorced so they will not have to relinquish those assets to the other spouse. This is illegal, though unfortunately, it is something that many spouses will do, and if you believe that this is currently happening to you, you absolutely require the services of an experienced California divorce attorney who has handled similar situations in the past and who has the knowledge needed to provide you with the legal assistance you deserve. Please continue reading and speak with our seasoned Los Angeles firm to learn more about what we can do for you.

What happens if I believe my spouse is hiding or spending marital assets in a divorce?

If you believe that your spouse is dissipating or hiding marital assets that you are entitled to, with the assistance of an experienced attorney, you may be able to seek a preliminary injunction, among other restraints, that can help prevent any unfair loss of assets. That being said, if these fraudulent transfers have already occurred, matters can become even further complicated, as your attorney and other parties will have to work together to determine the best way of recovering those assets or obtain reimbursement for the cost of those assets on your behalf. To do so, we may have to amend pleadings to joint the party that received the fraudulent transfer as a party to your divorce litigation process.

If you are going through the divorce process and have any additional questions, please do not hesitate to give our knowledgeable California divorce attorneys a call today. We are always here to help those who need assistance through complex divorce matters.

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Divorce and family law issues are notoriously complicated and personal, which is why you must hire an attorney with years of experience, as well as the compassion and skill needed to handle these sensitive matters. For the qualified, dedicated legal representation you and your family deserve and need, contact Zitser Family Law Group, APC today.

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