View Our Practice Areas

Assets going missing? Locating hidden assets in a divorce

You probably feel like you have a million different things on your mind now that you are going through a divorce. If you are a parent, you are probably worrying about dividing parenting time and figuring out child support. Maybe spousal support is still up in the air. Which property is marital, and which is separate? In the middle of all of these things, it can be easy to overlook assets going missing.

Property division is supposed to be equitable in the state of Utah. If your ex has hidden away some of the marital assets, then you will not receive a fair share of the marital property. This could potentially leave you without a secure financial foundation after your divorce.

Where can I find hidden assets?

Realizing that a specific asset has disappeared is a disconcerting experience. You might even feel hopeless and think that there is no hope of ever recovering it. However, there are usually only a few methods for hiding an asset in divorce. These are:

  • Denying it ever existed
  • Pretending you lost it
  • Temporarily transferring ownership to another person
  • Creating a line of fake debt

Whichever method your ex uses, it will usually create a paper trail. Examining past tax returns can give you a good indication of where to start locating the beginning of that paper trail. Tax returns provide information on property taxes, undisclosed sources of income, interest from investments, assets purchased by businesses and much more.

How can I prevent this from happening?

Fully stopping your ex-spouse from hiding marital property is not an easy task. While you probably cannot stop him or her from at least trying, you can protect yourself. If you are planning to file for a divorce, create a thorough inventory of all marital assets beforehand. If your ex is the one who filed, make an inventory as soon as you can. Having a list to which you can refer will help you identify any possible missing assets.

There are a few places to look if you are not sure where to find information about which assets you own. For example, mortgage closing documents can be extremely helpful in this situation. These documents list your assets, sources of income and liabilities, which will help you create your inventory.

You don't have to give up

Looking for hidden assets can feel like fighting a losing battle. From trying to figure out which assets are missing to tracking down paper trails, you may even wonder if it is worth it. What is important to remember is that you deserve a fair share of your marital assets, which you will not get if there is missing property.

When assets go missing during a divorce, acting sooner rather than later is better. This is why it can be so helpful to speak with an attorney experienced in Utah family law. Working alongside an experienced attorney can help provide clarity on difficult matters, including things like property division, child custody matters and more.

No Comments

Leave a comment
Comment Information

Testimonials

  • I can’t speak highly enough of Kris and his team. I was always kept informed and educated on my options and potential outcomes. Kris was so professional and helped me feel at ease through a very difficult and emotional process. His expertise is second to none and you truly feel as though you’re in the best hands. Thanks for everything Kris, I consider you a great friend!Read more...

    — Tyler H.
  • Rand Lunceford was my attorney and he did a great job for me. Was always very quick to return phone calls and texts. Gave me court reminders the day before. And did a great job. when it was all said and done I was extremely impressed with Mr. Lunceford and their firm. Read more...

    — Brittany U.
  • I appreciate Michael's professionalism and willingness to listen to his clients. He truly cares for them and tries to see things from their perspective. That approach is refreshing and really helps in drawn-out cases. Michael is easy to get a hold of and quick to work on cases. Read more...

  • Brian attended mediation with us today and he was a rockstar. He was very knowledgeable and thorough. I don't know what we would have done without his well-informed counsel and the way he stood up for us. He maintained a calm and authoritative demeanor, even in the presence of the 4 other attorneys on the other "sides". We will be recommending him to anyone who needs a family law attorney, and we'll be choosing him if we ever need one again! Read more...

    — Tawny A.
  • Not to sound cliché... Justice was served!! I have never been in a situation to need a Lawyer. Lauren really stood up for me when forces were making a situation much larger than it should have been. Our situation was extremely difficult but choosing this law firm was the best chose i could have made for my family and I. I am so grateful that Lauren was in my corner fighting while I took care of my family. Words cant Express my gratitude. It is unfortunate that accusations can place people in situations that you cant handle or control...fortunately there are great people like Lauren Forsyth. Wonderful person, Great Lawyer! Read more...

Speak with an experienced lawyer.

If you need help with a divorce, family law issue, DUI or criminal defense, complex civil litigation, or real estate matter, we are here for you. To schedule an appointment with one of our dedicated attorneys call us at (801) 475-8800.

Email Us For A Response

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Locations

Ogden Office
195 25th Street
Suite 304
Ogden, UT 84401

Phone: 801-475-8800
Fax: 801-475-9800
Map to Ogden Office

Park City Office
136 Heber Avenue
Suite 305
Park City, UT 84060

Phone: 435-655-3680
Map to Park City Office

Lehi Office
3450 N. Triumph Blvd.
Suite 102-161
Lehi, UT 84043

Phone: 801-753-5650
Map to Lehi Office

Salt Lake City Office
299 South Main
Suite 1300
Salt Lake City, UT 84111

Phone: 801-317-8968
Phone: 801-534-4410
Map to Salt Lake City Office