When a couple decides to end their marriage, they will be responsible for sorting out the terms that will apply to the termination of their marriage, such as custody, support, property division, and more. If they cannot reach a mutual agreement on the terms of their divorce, the final decisions regarding their disputed issues will fall onto a judge’s lap. Understandably, conflict is bound to arise during a divorce, as hard-earned assets and parenting time are at stake. Therefore, emotions can run high, and individuals may make rash decisions, such as hiding marital assets to receive a more significant share of their marital property during property distribution. However, hiding assets results in unfair divorce negotiations and is illegal. If you suspect that your client’s former spouse is hiding assets, please don’t hesitate to enlist the help of Advanced Investigations to learn how our Connecticut Asset Searches for Lawyers can track down hidden assets.
Should I hire a private investigator to assess the financial assets of my client’s former spouse during a divorce?
Often, lawyers neglect to utilize alternative resources to uncover the answers to their pressing questions regarding their client’s case. However, it would be best to consider working with a private investigator to maximize your chances of helping your client achieve the best possible outcome. Private investigators are a resource that can assist in asset searches. Asset searches are most commonly conducted during pre-litigation investigations to have leverage when negotiating settlements. You can understand the assets and income at risk by completing an asset search. In addition, you can anticipate the amount your client will be entitled to receive during the property division process.
Lawyers often turn to private investigators during high-net-worth divorce cases, as they usually involve complex or hidden assets. When complex assets are at stake, one spouse may attempt to conceal or undervalue their financial holdings. In such cases, a private investigator will review an individual’s bank statements, tax returns, and other financial documents to determine whether a spouse has intentionally concealed assets from the other. They will gather evidence permissible in court if there are significant monetary transfers. When a spouse hides assets in bad faith, the innocent spouse can significantly benefit as judges favor honesty. This could lead to a more favorable distribution of assets in the divorce settlement, allowing your client to start the next chapter of their life on firmer financial footing.
If you suspect your client’s former spouse is concealing assets during a divorce, contact a trusted private investigator from Advanced Investigations, who can help you discover those hidden assets to ensure your divorce proceedings remain fair and equitable.