Protecting Your Financial Interests in Divorce
Divorce is already a complex and emotional process, but when hidden assets are involved, it becomes even more challenging. If you suspect that your spouse is concealing assets to avoid fair property division, you need an experienced Greenville divorce lawyer who understands how to uncover financial discrepancies.
At Sarah Henry Law, we focus on ensuring an equitable distribution of marital assets in Greenville, SC. Whether your divorce involves high net worth holdings, retirement accounts, or other valuable property, our firm is here to help protect your financial future.
How Hidden Assets Impact Divorce Cases
In South Carolina, both spouses are required to fully disclose their assets and liabilities during divorce proceedings. Unfortunately, some individuals attempt to hide property, misreport income, or understate the value of the marital estate to gain an unfair advantage.
Common methods of concealing assets include:
- Undisclosed bank accounts or investment holdings
- Transferring assets to family members or business entities
- Underreporting income on tax returns or financial statements
- Overpaying taxes or debts to receive refunds after divorce
- Hiding money in cryptocurrencies or offshore accounts
A knowledgeable divorce attorney can help identify these tactics and ensure a fair outcome.
Uncovering Hidden Assets in Divorce
At Sarah Henry Law, we use strategic legal and financial tools to uncover hidden assets. Our approach includes:
- Reviewing tax returns, credit reports, and financial statements
- Investigating business holdings and corporate records
- Working with forensic accountants to trace money transfers
- Analyzing property records and real estate transactions
- Examining debt obligations, including marital debt and liabilities
Our firm understands the complexities of high asset divorce and how to determine the true value of assets in contested divorce cases.
The Importance of Full Financial Disclosure
In South Carolina, failure to disclose all marital property can result in serious consequences. The court may impose financial penalties or award a larger share of the marital estate to the other spouse. A skilled high asset divorce lawyer can ensure that all financial information is presented accurately.
We advocate for clients dealing with complex financial issues, including:
- Division of significant assets in high net worth divorce cases
- Identifying marital and non-marital property
- Ensuring fair division of retirement accounts and investment portfolios
- Addressing hidden debts and obligations owed by one spouse
Our goal is to provide strong legal representation to achieve results that protect your financial well-being.
Property Division and Hidden Assets in South Carolina
South Carolina follows the principle of equitable distribution, meaning that marital assets are divided fairly, though not necessarily equally. When one spouse attempts to hide assets, it disrupts this process and puts the other spouse at a disadvantage.
A court will consider various factors in determining property division, such as:
- Each spouse’s contribution to the marriage
- The length of the marriage
- The financial and non-financial contributions of each spouse
- The needs of minor children, including child support obligations
- The overall financial situation of both spouses
If hidden assets are uncovered, the court may adjust the property division or award additional financial compensation to the other party.
Why You Need a Greenville Divorce Attorney for Hidden Assets Cases
Handling a divorce that involves financial deception requires a skilled attorney who knows how to investigate, gather evidence, and present a compelling case in court. At Sarah Henry Law, we help clients:
- Navigate the divorce process while protecting their financial interests
- Identify hidden income, assets, and undisclosed property
- Ensure fair spousal support and child support calculations
- Advocate for a fair division of the marital estate
Whether you are dealing with a high asset divorce or suspect financial fraud, our firm provides the experience and legal knowledge necessary to assist you through the entire process.
Contact a Greenville SC Divorce Lawyer Today
If you suspect your spouse is hiding assets, do not wait to take action. Sarah Henry Law is here to protect your rights and financial future.
Learn more about how a Greenville Hidden Assets in Divorce Lawyer can help handle divorce cases involving 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 achieve the fair outcome you deserve.
FAQ
How can I find out if my spouse is hiding assets during divorce?
You can start by reviewing tax returns, bank statements, and credit reports for discrepancies. A divorce attorney can also work with forensic accountants to uncover hidden property or income sources.
What happens if my spouse is caught hiding assets in a South Carolina divorce?
If the court determines that one spouse attempted to conceal assets, it may award a greater share of the marital estate to the other spouse. The deceptive party may also face legal penalties.
Can hidden assets affect child support and spousal support?
Yes. If one spouse hides income or assets, it can impact child support and spousal support calculations. An attorney can ensure that all financial information is accurately reported.
Is a high asset divorce handled differently from a typical divorce?
Yes. High asset divorce cases involve complex property division, business interests, and significant financial stakes. A high asset divorce lawyer can help navigate these challenges.
How can Sarah Henry Law help me with my divorce case?
Our law firm provides experienced legal representation to protect your financial interests, uncover hidden assets, and ensure a fair division of marital property. Contact us today to discuss your case.
