Naples Hidden Assets Lawyer

Naples Hidden Assets Attorney

When you’re going through a divorce, both spouses are legally required to fully disclose all assets so that there can be a fair division. However, it is not uncommon for one spouse to conceal certain assets, such as bank accounts, investments, or other property, with the goal of gaining an advantage over their soon-to-be ex-spouse. If you are experiencing this in your divorce, you need a Naples hidden assets lawyer.

Naples Hidden Assets Attorney You Can Trust

When you are going through a high asset divorce, you need a discreet and skilled legal professional to advocate for you. At Shemkus and Long PA, our founding attorney, Michael M. Shemkus, is committed to family law clients and meeting their goals. He has been named as a Rising Star and a Super Lawyer, and is known for his personalized attention.

What Is a High-Asset Divorce?

Florida ranks fifth for the highest rate of divorce in the country, and with Naples being one of the highest per capita income metropolises, high-asset divorces are bound to happen. These types of divorces are ones that include substantial financial or physical assets, typically those that exceed $1 million. Due to this, high-asset divorces tend to be more complex than standard or lower-asset divorces.

Florida law requires the fair and equitable distribution of marital assets upon a divorce. Marital property is anything that was acquired during the marriage, including:

• Shared homes
• Mortgages
• Investments
• Debts
• Vehicles
• Real estate
• Business
• Cryptocurrency

Concealing assets can be an issue in high-asset divorces, as one spouse may try to hide certain assets or financial resources to avoid them being equally divided with their ex-spouse. It may also happen more readily if the other spouse was unaware of the asset’s existence.

Hidden Assets Can Impact the Financial Future of the Spouse

It can mean a significant and detrimental financial loss for a person if their spouse is concealing assets during their divorce. Fair division of property is only possible when both spouses have full transparency regarding all marital assets. It is against the law of fair and equitable distribution of property after a divorce when one spouse attempts to conceal assets.

Honesty is of the utmost importance during divorce negotiations. Both parties must discuss terms with clear intentions and truthful disclosures. When one party misrepresents their holdings or lies about major issues like property division, it can undermine the negotiation process and consequently lead to unfair outcomes. It is not only the spouse who is impacted by hidden assets, but children, too. They may be being stripped of the financial support they are owed.

Finding Hidden Assets in Naples

If you are going through a high asset divorce in Naples and you suspect that your spouse may be concealing assets, it is important that you work with an experienced family law attorney. High-asset divorce lawyers are proficient with cases involving significant property and will likely collaborate with financial experts who can work to trace and uncover any hidden property and income. They may do this by:

• Examining bank statements, credit card activity, and tax returns for any irregularities if you share accounts with your spouse. They should look for unexplained transfers, large cash withdrawals, or payments made to unknown individuals or companies.
• Looking closely at your spouse’s business records and looking for potentially inflated expenses, unusual losses, or payments to shell companies that might raise red flags.
• Searching for hidden storage places because in some divorces, spouses may purchase valuable items such as jewelry or collectibles and hide them in storage units or safe deposit boxes.

You have the right to a fair and equitable distribution of marital assets after your divorce, so reach out to a lawyer who can protect these rights. Any hidden assets can mean a life-altering financial loss to you and your children.

Let Us Protect Your Rights Regarding Property Division

Florida law requires both spouses to fully disclose all assets and liabilities during divorce proceedings. Any attempt to conceal, transfer, or undervalue marital property is a serious violation of the law. Our experienced legal team can help identify any deceptive practices and can work closely with financial experts to uncover any potentially concealed assets.

We are committed to protecting your rights and ensuring that all your marital property is equitably distributed so that you can move forward with confidence and clarity in your life post-divorce. Our goal is to support you through this transition with fairness, compassion, and a focus on your family’s future.

FAQs

How Can a Lawyer Help Uncover Hidden Assets?

A divorce lawyer can help uncover hidden assets by using many types of methods and strategies. They may use subpoenas, depositions, or even financial affidavits. Some may work with forensic accountants to help trace undisclosed assets or property transfers. They can analyze financial records, monitor spending, or challenge inconsistencies within your spouse’s disclosures.

What Happens if Hidden Assets Are Discovered After the Divorce Is Finalized?

If hidden assets are discovered after a divorce is finalized in Florida, the court may be compelled to reopen the case. The dishonest spouse may face penalties such as fines, contempt of court charges, and the divorce decree may be revised with a more favorable outcome for the innocent spouse, which can include a larger share of the marital estate. Your case will likely be heard at Collier County Family Court, where our attorneys are familiar with procedures.

What Should You Do if You Think Your Spouse Is Hiding Assets?

If you suspect that your spouse is hiding assets during your divorce, you need to act immediately and hire a hidden assets lawyer. Florida law mandates that each spouse and their legal team fully disclose their finances, and they are breaking the law if they do not. Your lawyer can help uncover any of these hidden assets and provide you with any necessary support if it leads to criminal charges.

Hire a Hidden Asset Lawyer in Naples

If you’re going through a divorce and suspect that your spouse is concealing assets or committing marital fraud, you need trusted legal guidance. Schedule a consultation with an experienced Naples family law attorney at Shemkus and Long PA.