Hidden Assets Attorney in Rockville, MD

Fait & DiLima, LLP helps clients navigate the unique challenges presented by high-asset divorces, including those involving hidden assets.

Some spouses can be very creative, and despite the risks, they still try to beat the system and shield some assets through various means. If you sense that your spouse is hiding assets, you need the help of an attorney like Marjorie DiLima, whose facility with numbers and master’s degree in Tax Law make her unusually qualified. Often with the assistance of a forensic accountant, your team will work to find tangible proof of the scheme. Trying to hide assets can lead to significant consequences, such as losing 75%-100% of the asset if it is found.

Common Types of Hidden Assets

The types of assets commonly hidden during financial disclosure include:

• Undisclosed savings, checking, or investment accounts
• Assets held by friends or family on behalf of the spouse
• Underreported income from any source
• Real estate properties, including land, apartments, houses, industrial and commercial properties
• Benefits from spouse’s employer, including stock options and RSU stocks

There are creative ways to hide these assets. The attorneys at Fait & DiLima will conduct a thorough investigation while providing you with a good indicator of your return on investment.

Signs A Spouse Has Hidden Assets

A gut feeling about your spouse having hidden assets is not enough for the judge to launch an inquiry. If you want to prove it, you will have to find it. If you notice any of these signs, your hidden assets attorney can use it as a starting point for an investigation to find proof:

• Property transferred to the name of someone your spouse knows
• Cash payments accepted at work that do not go through payroll
• Underreporting of income (in a solely owned business)
• Claims that an asset is lost or never existed at all
• Undervaluing an asset purchased recently
• Money moved through several financial instruments, including making deposits to an offshore account

How To Find Hidden Assets During Divorce

To find hidden assets you will need to go through this process:

• Serve Discovery Requests for documents about finances, property and income
• Follow money trails from withdrawal to transaction. If the accounts and financial assets are voluminous, forensic accountants can help.
• Get a copy of your spouse’s business financials to get an accurate audit and valuation of their share
• Review each financial statement closely. Do not take the numbers at face value. Make sure all the details are accurate.
• Hire a forensic accountant who specializes in this type of inquiry.

If you do not know where to start in this process, contact the team at Fait & DiLima, LLP. Our Rockville hidden assets attorney is ready to sit with you to discuss your options.

How A Judge Views Hidden Assets

A judge will take proof of hidden assets very seriously. The guilty party looks immoral or even vindictive, and the judge can impose stiff penalties. These might include a financial reward or a majority of the asset assigned to the aggrieved party, or payment of all legal fees on both sides, to name a few.

Value Of A Hidden Assets Attorney

Divorce can seem like a rollercoaster ride. There are so many twists and turns, and everything seems to go by in a blur. All these wheels come alive simultaneously, and you must address them.

The value of a hidden assets attorney is getting proper guidance on how to go about the process. You get help from someone familiar with the law to analyze your situation and offer options on what to do next.

If you are looking for an experienced hidden assets attorney, call or message Fait & DiLima, LLP today to book a consultation.