If you’re facing a divorce in Michigan, your marital assets will be divided fairly between you. While this can mean that you will each receive an equal share, it doesn’t necessarily mean that. Instead, the court turns to a range of important factors in its calculation of what’s fair in each unique case. And if your divorcing spouse is hiding assets, it puts you at a real disadvantage. Our experienced Westland, MI, divorce attorneys at The Smith Law Offices, P.C., are standing by to help.
In order to effect an equitable distribution of marital property in your Westland divorce, both of you must be transparent regarding finances. While you may not think your spouse would sink so low as hiding assets from you, it’s important to keep in mind that the stress of divorce can bring out the worst in people.
This means that, if your spouse is more involved in your family finances than you are, you should listen to your gut when it comes to their honesty regarding marital assets. If you have any reason to believe that they are not on the up and up, let your savvy divorce lawyer know. You can also count on your legal representative to do the math in relation to your marital finances and to help ferret out any discrepancies.
You needn’t be super wealthy for your spouse to engage in asset hiding, and the practice needn’t involve a dramatic plot nor offshore accounts. Instead, most asset hiding involves relatively mundane techniques that can, nevertheless, cost you a bundle. Some of the most common include the following:
Private business ownership offers ample opportunities for hiding assets in a divorce, and Westland’s local economy is predominantly driven by small, locally owned enterprises. In other words, this form of asset hiding is a key concern in the area.
Our capable Westland divorce attorneys at The Smith Law Offices will leave no stone unturned in our focused efforts to identify the full scope of your marital assets and in our fierce advocacy for your financial rights. The division of your marital assets will play an important role in your financial future, which makes it important to get it right. For more information about everything we can do to help, please don’t delay contacting us online or giving our firm a call at 734-729-4465 today.
