Orland Park Divorce Lawyer for Hidden Assets

Attorneys Helping Address Unreported Assets and Income in Divorce Cases in New Lenox and Frankfort

During your divorce, you may feel like you have to deal with an avalanche of legal issues, financial concerns, and stress. This process can be overwhelming even in ideal circumstances, but it can be even worse if you believe that your ex-spouse is attempting to hide assets or income in order to unfairly influence your divorce case. In this type of situation, you need experienced representation from a skilled attorney.

At Wakenight & Associates, P.C., our divorce lawyers have over 95 years of combined experience, and we have represented many clients in high conflict and high asset divorce cases. We can help you uncover any hidden assets and ensure that your financial interests are protected as you prepare for your future after divorce.

Methods of Hiding Assets and Income

There are many reasons why a person may wish to conceal assets or income during divorce. They may be emotionally attached to certain items and believe that this property should remain in their possession, or they may attempt to misreport the income they earn in hopes of lowering their child support or spousal maintenance obligations. In some cases, they may simply wish to hurt their former partner in whatever way they can. Some common methods that spouses may use when attempting to hide assets and income include:

• Hiding cash or valuables at home, at work, or in another location, such as a safe deposit box.
• Transferring money to family members or friends, including through the repayment of false debts.
• Depositing extra funds in a retirement account or in an account opened in a child's name.
• Moving assets to offshore accounts or investments.
• Hiding assets in a family-owned business by paying salaries to nonexistent employees or making large business purchases.
• Misreporting business or personal income on tax returns.
• Delaying raises, bonuses, or the receipt of stock options until after the divorce has been finalized.
• Misreporting the amount of income earned or the value of certain assets during the discovery phase of divorce.

If you believe that your spouse has hidden any assets or misreported their income, our attorneys will work with financial experts such as forensic accountants to obtain a full picture of your marital assets and your spouse's income. By examining information such as tax returns, personal and business bank accounts, credit reports, and business records, we can uncover any concealed funds, false reports, or discrepancies, ensuring that you receive the fair share you deserve of your marital property. We can also help you determine whether any dissipation of assets has occurred, including large expenditures made while committing adultery.

Contact a Mokena High Net Worth Divorce Lawyer

Gaining a full understanding of a couple's finances can be difficult, especially when one spouse is attempting to sabotage this process. However, you should not let your former partner get away with influencing the divorce proceedings in order to benefit themselves at your expense. The attorneys at Wakenight & Associates, P.C. will fight for your rights and advocate for your financial interests, ensuring that all marital assets are identified and divided fairly and equitably.

For legal help with hidden assets or income, contact us by calling 815-727-6144 to arrange a free consultation. We represent clients in divorce cases in Orland Park, Frankfort, New Lenox, Joliet, Orland Hills, Oak Forest, Tinley Park, Lockport, and throughout Will County.