Identify Hidden Assets
Key Points
Once a divorce begins some people do whatever they can to preserve what they feel is their own money. Some maintain secret accounts or other financial activities throughout an entire marriage. These assets may be subject to distribution. Financial professionals (including forensic accountants) check a variety of resources to uncover potential hidden assets. These include:
Useful Online Tools
Separation Agreement Software
Suggested Reading
Resources & Tools
GOOD FAITH – Negotiation between spouses works when both act in good faith. A negotiated settlement dovetails easily in an uncontested divorce. Meeting in a neutral place, the spouses talk face to face and often offer tradeoffs of interests that they might otherwise claim. In this routine, their lawyers retreat to the role of advisors who keep their clients on track, moving toward a fair and reasonable settlement.
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