The key to a straightforward divorce is a willingness to be open with your former partner about your assets. If you or your spouse can not openly discuss your assets and debts with your attorneys or a mediator to divide them fairly, your attorneys may have to go through a process known as discovery.
There are many different ways an individual can attempt to hide assets in an effort to spare them from being divided as part of his or her divorce. Some examples of these methods include:
If your spouse has done any of the above, he or she might be attempting to hide marital assets that you are rightfully entitled to have divided between you.
If you suspect your spouse could be hiding assets, your attorney can recover these assets through the discovery process. The discovery process may include any of the following:
During a divorce, all marital property that was not specifically excluded in a prenuptial agreement must be divided among the divorcing couple. In New Jersey, marital property is divided according to a principle known as equitable distribution, which states that each partner receives a share of the couple’s property according to his or her contribution to the marriage’s property’s worth and his or her economic and personal needs following the divorce.
If you suspect your spouse might be attempting to hide assets from you, you have the right to work with an attorney to find every piece of shared property and include it in your property division. Contact The Law Office of Eric B. Hannum Esq., LLC. today at (732) 365-3299 to schedule your initial legal consultation with our firm. We can walk you through the discovery process and clarify for you what is and is not marital property. We can also represent your case when you go to court. Do not wait to contact our firm – give us a call and start working on your divorce with us today. We proudly serve clients in Middlesex, Mercer, Monmouth, Ocean, and Burlington counties.