Hidden Assets & Divorce in NJ | What You Need to Know

Hidden Assets & Divorce in NJ | What You Need to Know

Under New Jersey law, all parties involved in a divorce must disclose all income, assets, debts and liabilities. Unfortunately, there are times where spouses are dishonest and will try to hide assets from the divorce. If you believe that your spouse is attempting to conceal assets from the equitable distribution process, it is critical that you retain the services of an experienced New Jersey family law attorney to learn more about hidden assets and divorce and how our firm can help you. Here are some of the questions you may have:

How can I tell if my spouse is trying to hide assets during the divorce process?

Our attorneys are skilled in finding hidden assets through investigation, examination, and the use of experts such as forensic accountants and will work tirelessly to protect your rights in those assets.

There are several ways in which spouses will attempt to hide assets during a divorce, including the following:

  • Giving certain assets to a friend or family member to hold until the divorce is finalized.
  • Overpaying the IRS, thereby draining certain marital accounts of assets, only to use those assets to pay his or her taxes the following year.
  • Purposefully neglecting to collect bonuses or invoices.

What should I do if I catch my spouse hiding assets during the divorce process?

The failure to disclose assets during the divorce process is unlawful and a spouse who has lied under oath and/or hidden assets may face severe penalties from the Court.

If you suspect that your spouse is hiding assets, the most important thing you can do is retain the services of a family law attorney who can work to prove that this illicit behavior is occurring. Contact Aronsohn Weiner Salerno & Kaufman, P.C. today for assistance.

Contact our experienced New Jersey firm

We understand how confusing certain legal issues can be, which is why we are dedicated to providing individuals with the compassionate, knowledgeable legal representation they deserve. Aronsohn, Weiner, Salerno & Kaufman has helped clients with various difficult legal challenges for over 40 years, which is why we know we have the experience needed to do the same for you. For experienced legal counsel regarding family law, litigation, business law, real estate, and criminal law, you know where to turn–contact Aronsohn, Weiner, Salerno & Kaufman today to schedule a consultation.

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