Discovering that your spouse has been hiding assets during a divorce can be a distressing and bewildering experience. It undermines trust and complicates what might already be a difficult process. If you find yourself in this situation in Washington state, it’s important to know how to proceed to ensure a fair resolution. Here’s a comprehensive guide on what to do if you encounter hidden assets during a divorce.
Step 1: Understand your rights.
In Washington state, the law requires that all assets acquired during a marriage be disclosed and equitably divided during a divorce. This includes everything from real estate and bank accounts to retirement funds and personal property. Hiding assets is not only unethical but also can have serious legal repercussions.
Step 2: Gather evidence.
If you suspect that your spouse is hiding assets, start gathering as much evidence as possible. This might include bank statements, tax returns, financial statements and any other documents that can provide insight into your spouse’s financial dealings.
Collecting evidence can also help you identify missing information. For example, missing bank statements could indicate that your spouse was hiding something related to those statements.
Step 3: Consult with a Seattle divorce attorney.
Legal guidance is crucial in any divorce, particularly when it involves complexities such as hidden assets. A seasoned divorce attorney can provide you with strategic advice tailored to your specific circumstances. They can help ensure that the evidence is presented effectively and advocate for your rights throughout the divorce proceedings.
Step 4: Hire a forensic accountant.
Dealing with hidden assets often requires expertise beyond what most individuals possess. Hiring a forensic accountant can be a wise decision. These professionals are skilled at tracing funds, identifying undisclosed accounts and evaluating financial records in detail. Their expertise can be invaluable in a Seattle divorce case where assets are concealed.
Finding out that a spouse has hidden assets during a divorce can significantly alter the course of your proceedings. However, by taking the appropriate legal steps, gathering necessary evidence, and seeking professional assistance, you can work towards ensuring a fair and equitable resolution.