What happens when there are hidden assets in a Carlsbad divorce? Divorcing spouses in California owe one another a fiduciary duty of fair dealing and good faith. The Automatic Temporary Restraining Orders (ATROs) issued at the time of the divorce summons require limitations on financial expenditures and transactions (except in the normal course of business). This does not provide the opportunity for one of the spouses to attempt to hide assets from the other.
Both parties must provide a full and accurate accounting of all assets, debts and liabilities including business ownership, investment and retirement accounts, and even such information as collections both at the outset of the divorce and before final settlement. The parties and the court must have a full accurate and transparent financial picture in front of them prior to the division of community property and the provision of child support and spousal support.
What should you do if you receive the “Declarations of Disclosure” from your former spouse and your instincts tell you there is a lot that is missing?
The experienced Carlsbad Certified Family Law Specialists at Burke & Domercq have protected our clients in these cases for decades. We know how to find hidden assets in a Carlsbad divorce. There is a process we can manage on your behalf that uses a combination of forensic accounting, credit reporting, tax analysis, and investigation of false entity and trust creation to expose secreted assets and hidden monies.
The good news is our Carlsbad divorce courts take a dim view of one of the parties attempting to hide assets. The failure to make an honest, forthright, accurate and full declaration and disclosure can lead to sanctions that result in greater settlements for our clients.
In this day and age it is extremely difficult to hide assets and money. If you are concerned about hidden assets in your Carlsbad divorce we invite you to contact the experienced divorce and high asset attorneys at Burke and Domercq or call 760-434-3330 to schedule an appointment.