If you are going through a divorce or child support hearing, you might be concerned that your ex-spouse is hiding assets. If you were the spouse in your relationship that was not involved in the finances, divorce can be unsettling, because you might not have a good idea of your overall financial picture. Here are the first steps to take to ensure financial transparency in your divorce proceedings.
Take an Inventory of All Records that You can Access
All back-up assets and income that you can prove will help bolster your case and uncover any areas that might be hidden. Bring these to your initial meeting with a divorce lawyer so that they have a starting point from which to review your case. Here are four areas you should try to access right away and uncover any information that you can:
1. IRS Statements
Requesting copies of your last federal and state tax information will help you determine where you stand financially and might uncover assets you weren't aware of.
2. Employer Contributions and Pension Plans
Your spouse might have retirement funding saved up through their work, which could be considered a common income. If you can contact their employer and have them send you records, you will know if there are contributions that you should have rights to.
3. Bank Accounts
If you have access to joint accounts, go back as far as you can and make a record of money coming in and out. If you can find any information or details on bank accounts not in your name, you may have back up for court.
4. Loan Documents
Loan documents are a great way to see a clear picture. If you and your spouse recently applied for a loan or a mortgage, ask the lender to send you a copy of the information. This might shed some light on overall income and financial situation.
Have Your Lawyer go Through the Court System for Further Financial Records
Once you have taken an initial inventory of all financial information, you can work with your lawyer to formally request further financial documentation from your ex-spouse through the court system. Hiding assets can be a detriment to you and, if you have children together that are in your custody, will take away from their needs and child support. Family law attorneys like the Vega Acosta Law Firm are there to help you get a fair settlement. If your ex might be hiding something, make sure that you have a lawyer in your corner that can help you get a just settlement from a divorce.
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