Hidden Assets and Unreported Income
Financial transparency is a vital principle in matters involving divorce, child support, spousal maintenance and prenuptial agreements. If a party attempts to hide assets or understate income, it can rebound negatively on that party.
At Shapiro Family Law in Denver, Colorado, we pay careful attention to family law issues involving hidden assets and unreported income. Our attorneys diligently represent people facing such problems, working hard to protect their rights.
If you face such a problem, we invite you to call 303-695-0200 to discuss your situation with an experienced family law attorney.
Hiding or Transferring Assets During Divorce
Courts take a dim view of people who attempt to hide marital assets during the divorce process. This has three important implications:
- Before you transfer assets to another account or retitle property (either during divorce or in the months leading up to the filing of the divorce petition), you should consult with a lawyer first.
- If you suspect your spouse of hiding assets in anticipation of divorce, Shapiro Family Law can help you.
- If a spouse has squandered marital assets through gambling, drug use, reckless speculation or other actions, there may be recourse in the overall property division.
A lawyer at Shapiro Family Law can review your situation and advise you concerning your legal options.
Unreported Income, Child Support and Spousal Maintenance
The income of both parties is an important factor in calculating the amount of child support, and sometimes is a factor in calculating spousal maintenance. The requirement to reveal the true amount of income for the purposes of calculating child support and spousal maintenance applies to both payors or recipients.
Shapiro Family Law has extensive experience representing people in such cases. We will protect your rights and interests at all times.
Shapiro Family Law can retain the services of a forensic accountant, private investigator or other professionals to locate hidden assets or unreported income.
Prenuptial Agreements and Hidden Assets
For a prenuptial agreement to be legal in the eyes of the law, both parties must reveal all of their separate assets. Failure by a party to do so can render the prenuptial agreement invalid.
Our firm takes care to carefully draft prenuptial agreements so that they can be upheld should they be challenged in court. We also provide opinions on the validity of existing agreements and, if necessary, represent clients in subsequent litigation.