Finding a reliable lawyer to work with who can represent your company no matter what kind of legal issues it faces in the coming years can be ovrewhelming, especially if you aren't sure what kinds of legal support you may need as your business grows. This blog outlines a variety of legal issues to consider while building your company, so you now what kind of legal representation to keep on hand at all times. You can also expect to learn how to go about finding the right lawyer to work with in any unique situation that you might find yourself in.
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Finding the Right Legal Representation for Your Company
4 Strategies Spouses Use To Hide Assets Before A Divorce
Tracy Roberts
Sometimes when a marriage is heading for divorce, a spouse begins hiding assets so the monetary value isn't included in a division of property. This can go on for some time while the individual seeks to set things up for the future.
You may be suspecting your spouse of this behavior and wonder how people get away with this. Some of the more complex methods involve various financial instruments, but there also are more casual strategies involving friends and family. Learn more about the ways spouses hide money and consult a family lawyer for assistance.
Funneling Money to Family or Friends
Your spouse may talk about spending lots of money on restaurant meals and pricey coffee, while they actually are diverting that money to relatives or friends to hold onto for now. This isn't easy to track, although a lawyer might have a private investigator watch to see whether your spouse actually does routinely go to restaurants and high-end coffee shops.
Buying Possessions and Storing Them for Resale
A cunning way to hide money is to buy items that can later be resold for cash. Electronics, jewelry, antiques and power tools are examples. The individual can store these new belongings at a friend's place and even have that friend list them for sale online.
Paying Back Debts That Never Existed
If your spouse wants more of a paper trail, they might arrange to pay back phony debts to friends or relatives. Now they will have records, such as paper checks or online bank transfers, that supposedly verify they are paying back money owed to someone.
Diverting Money Through a Business
If your spouse owns a business, that provides another opportunity for transferring money to people they know. For instance, they might pretend that a friend or relative does some work for the business and gets paid wages. Since this work never actually occurred, that person returns the money after the divorce is final.
What You Can Do Now
Attorneys use a legal tool known as discovery that assists them in finding hidden assets. They can demand documents and inspection of property, such as the contents of safe deposit boxes. They can request admissions from your spouse in writing, in which the individual must admit or deny that a statement is true. An oral deposition also is advantageous, as your spouse is required to answer questions truthfully or face perjury charges. A private detective may also be of benefit.
It's very difficult to locate hidden assets without professional assistance. Consult a family lawyer (such as Craig H. Lane, PC) about your marital situation and your suspicions and learn how you can proceed.
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