Divorce becomes far more complicated when hidden assets are involved. In Greenville, South Carolina, divorcing spouses are legally obligated to disclose all property, income, and financial accounts. When one spouse attempts to conceal assets—whether by hiding bank accounts, undervaluing business interests, or omitting financial statements—it undermines the fairness of the divorce process and can significantly affect property division, support obligations, and the family’s future.
At Sarah Henry Law, our experienced divorce attorneys are skilled in uncovering hidden assets during complex and high asset divorce proceedings. We work with forensic accountants, legal experts, and financial professionals to ensure our clients receive what they are rightfully entitled to under South Carolina law.
The Problem of Hidden Assets in Divorce
Hidden assets can take many forms. A spouse may conceal money, manipulate income records, transfer property to a third party, or fail to report business revenue. In high net worth divorces, the likelihood of discovering undisclosed property or income increases, especially when one party manages most of the financial matters in the marriage.
Common examples of hidden assets include:
- Unreported income or bonuses
- Hidden bank and financial statements
- Undisclosed retirement accounts
- Delayed business deals to reduce apparent value
- Transferring money to friends, family, or shell companies
- Concealing assets in cryptocurrency or offshore accounts
Our legal team has experience handling complex issues in high asset divorces and knows what red flags to look for when evaluating the other spouse’s disclosures.
Legal Process and the Importance of Full Financial Disclosure
Under South Carolina law, both spouses are required to provide complete financial statements, including tax returns, income documentation, and information about all marital assets and marital debt. The purpose of this process is to allow the family court to make informed decisions based on the full scope of the marital estate.
When a spouse fails to disclose assets or deliberately hides money, the court may impose penalties or alter the property distribution to account for the misconduct. This is especially important in equitable distribution states like South Carolina, where marital property is divided fairly—but not necessarily equally—based on a variety of legal factors.
How We Uncover Hidden Assets
At Sarah Henry Law, we collaborate with forensic accountants and other financial experts to uncover discrepancies and bring hidden assets to light. Our attorneys take a detailed approach to reviewing financial records and identifying areas where full disclosure may not have occurred.
We assist clients in:
- Reviewing tax returns for inconsistencies
- Analyzing bank and financial statements
- Evaluating business ownership and interests
- Tracing hidden accounts or asset transfers
- Assessing undervalued or unreported property
- Preparing for settlement negotiations with accurate data
These professionals serve as expert witnesses when necessary to strengthen your case and present credible evidence to the court.
High Net Worth Divorce and Hidden Assets
In high net worth divorce cases, the stakes are even higher. One spouse may control the majority of the couple’s income, business holdings, or property, giving them more opportunity to hide assets or misrepresent value.
Our high asset divorce lawyers work with clients who have significant assets including:
- Multiple properties and real estate holdings
- Business ownership or partnership shares
- Investment portfolios or cryptocurrency
- Expensive personal property such as vehicles, art, or jewelry
- Retirement accounts, pensions, and stock options
With the right team and legal strategy, our firm helps clients protect their interests and ensure transparency throughout the entire process.
Legal Tools to Address Asset Concealment
If we suspect the other party is hiding assets, we use a variety of legal tools during the divorce proceedings to uncover the truth. These may include:
- Subpoenas for financial records
- Depositions or sworn testimony from the other party
- Requests for production of documents
- Examination of financial transactions by forensic experts
If a spouse continues to withhold information, the court may award a larger portion of the known marital assets to the other party, or impose legal sanctions for contempt.
How Hidden Assets Affect Child Support, Alimony, and Property Division
When hidden assets are revealed, they can directly impact several aspects of the divorce:
- Child support: Undisclosed income may lead to recalculated child support obligations based on the true earnings of the paying parent.
- Alimony: A higher income or concealed wealth may result in increased spousal support for the dependent party.
- Property division: The court may adjust the final division of marital property to compensate for hidden assets.
- Business interests: The value of a shared business may affect both asset division and future income considerations.
We work closely with our clients to ensure that all relevant financial data is presented clearly and that no asset is left unaccounted for.
Why Choose Sarah Henry Law
Our Greenville divorce attorneys have experience handling high net worth divorce and financial concealment cases with precision and professionalism. Whether you are concerned about your spouse hiding assets or have already discovered financial irregularities, our law firm is here to protect your legal rights and financial future.
We provide:
- Detailed investigation of financial disclosures
- Coordination with forensic accountants and tax professionals
- Representation during complex settlement negotiations
- Litigation support when court intervention is necessary
- Personalized legal services to support your specific goals
If your divorce involves significant assets or concerns about transparency, we are prepared to help you seek justice and fairness in the outcome.
Learn more about Greenville Divorce with Hidden Assets. Call Sarah Henry Law at (864) 478-8324 to schedule your free, no-obligation consultation. You can also reach us anytime through our contact page. Let us help you take the first step toward resolution and peace of mind.
Frequently Asked Questions: Greenville Divorce with Hidden Assets
How do I know if my spouse is hiding assets during our divorce?
Common signs include unexplained withdrawals, secret accounts, or inconsistent financial statements. A divorce attorney can help review documents and work with forensic accountants to uncover hidden assets.
Can hidden assets affect the outcome of my divorce in South Carolina?
Yes. If one party is found to have concealed marital property, the court may adjust the property division in favor of the other party. It may also affect support obligations and custody-related financial considerations.
What documents can help uncover hidden assets?
Tax returns, bank and financial statements, retirement accounts, and business records are all valuable. A forensic accountant can identify discrepancies and locate unreported income or hidden accounts.
Do I need a high asset divorce lawyer?
If your marriage involves significant property, business interests, or investment portfolios, working with a high asset divorce lawyer ensures the legal experience necessary to protect your interests.
What if my spouse refuses to disclose financial information?
Your attorney can request documents through discovery, subpoena necessary records, and present evidence of non-disclosure to the court. The court may impose sanctions or adjust the division of assets accordingly.
