Could Your Ex Be Hiding Income?

Going through a divorce or child custody matter can be challenging enough to get through without learning that your spouse has been hiding income and assets from you over a period of time. Hiding assets is not only considered unlawful in Florida, it also hurts spouses and children who deserve fair financial support after divorce proceedings. By hiding assets, a person is only hurting their family as well as their chances of getting sympathy from the courts during family law proceedings.

How Hidden Assets Affect Support Orders And Property Division

In cases involving child support and spousal support/alimony, a failure to disclose all income and assets gives the court an inaccurate representation of an individual's actual worth. This makes it difficult for judges to accurately determine how much a spouse will be obligated to pay, meaning the spouse who made the request or the children involved in the case may not get the financial support they need and deserve.

In property division cases, the same is true. If a judge does not have an accurate record of all marital assets and the contributions of each spouse, division may not be equitable under the letter of the law. If a spouse's surreptitious actions are caught in time, this outcome can be avoided. If not, civil litigation later on may be necessary.

Getting To The Facts. Attending To Every Detail.

If you are concerned that your ex may be hiding income, we encourage you to talk to our lead attorney, Michelle A. Barry. She combines her experience and attention to detail with the insight and expertise of CPAs and forensic accountants. She strives to get to the facts and ensure that each penny is accounted for prior to determining child and spousal support amounts as well as the division of marital property.

We will look for all red flags that can indicate hidden assets, which can include:

  • Reporting gross income not matching payroll
  • Reporting expenses that never existed
  • Undervaluing assets
  • Debts from credit cards without supporting documentation

The stakes are high for parents who underreport income. For the spouse and children relying on financial support, the smallest amount withheld can make a major difference in their quality of life. Responding to demands for production of financial documents or deposing/subpoenaing spouses is sometimes met with falsified documents, a crime that could result in severe consequences.

Talk To A Lawyer At Our Firm Today

To get in touch with a lawyer from our office, Michelle A. Barry, P.A., use our online intake form or call us at 407-622-4529 (toll free 888-351-8303). Call now for a free 15-minute initial consultation. In-person consultations are also available at a reduced fee that is then applied to your retainer. We accept credit cards for your convenience as well.