The equal division of property among married couples in the divorce process in Florida includes the complex procedures of determining the assets, income sources, and liabilities. It must be characterized as marital or separate possessions to attain an unbiased divergency of the assets.
Since Florida is an evenhanded state in allocation, the division of acquisitions and obligations will be set on several elements to bring fairness. However, this does not imply that asset division will be 50-50.
Even in a peaceful divorce, the process can be challenging. However, when another party tries to conceal and redirect the marital assets, the process becomes substantially more challenging.
Hiding the Assets
Concealing the assets is a common scenario in cases where the property will be distributed. If one of the parties is clueless about the hidden assets – there won’t be a chance for the court to evenly divide the assets.
It is a fact that many people deem unrestricted to lie in court. When a spouse attempts to obscure the assets – it could a huge challenge for the other spouse to overcome.
Mandatory Declaration of Assets and Finances
In the divorce process, there is an obligatory duty to disclose the assets and finances such as real property, individual property, retirement funds, household furnishings, bank accounts or statements, antiques, collectibles, business interests, and other forms of property and income.
When spouses violate their commitment of financial disclosure in the divorce process, they can’t progress in the case ethically or legally.
The Winning Tool Against Concealing the Assets
The best weapon to have in concealing the assets is hiring a knowledgeable and experienced attorney and being a committed client willing to supply all the required information.
The key to uncovering hidden assets is to notice the instability in financial reports within the financial transactions. Most actions to repress assets create periodic glitches. A thorough review of tax statements and bank accounts can usually tell a lot about strange and inexplicable transactions.
Most of the time, it is not trouble-free to uncover the hidden assets, but it can be financially fulfilling in the end.
Contact Florida’s Expert Family Law Firm
Finding hidden assets in a divorce process can be very tough and complicated. In divorce cases in Florida without legal aid, the judge may end up settling the case with 50-50 division of assets – and it may let the other spouse feel indefensible.
Attorney Mellany Marquez-Kelly is the expert lawyer to handle your divorce cases that involve the divergency of assets. She is experienced in the account of Florida divorce laws and obtained promising outcomes in the field of Family Law. On top of that, Mellany Marquez-Kelly is an adept divorce law attorney in Fort Myers, Fl. and its surrounding areas in Southwest Florida.
Fort Myers, Florida | Marquez-Kelly Law