A legal divorce essentially splits apart the status of a married couple whose lives and assets have been combined under a recognized marriage license. To do that correctly, both spouses have to be completely forthcoming in all their information and known property so that the division can happen correctly. However, this part of the divorce isn’t always amicable.
Frequently, one of the spouses has more direct control of wealth and assets than the other, and they want to share them legally, which can trigger the illegal behavior of hiding assets during divorce.
Under the court process, both spouses present their cases, statements, and declarations. If amicable, the details and agreements are already made.
However, in many cases, the process must go through discovery, the legal exercise of requiring the examined party to provide information under court order, as well as answer questions about the case under oath. An examined party can be prosecuted criminally for perjury if caught lying or omitting information under discovery that shows hiding assets divorce intentions.
Despite the legal risk, some spouses still attempt to hide or limit the disclosure of all their assets to avoid sharing them. Common modern techniques involve using cryptocurrency assets that aren’t tracked by traditional bank systems. Old-fashioned methods include converting the value to gold coins and physically hiding them until the divorce is over, which also can’t be tracked well.
In both cases, a professional examination either needs to be applied to find hints of hidden assets, or the examined party needs to be “boxed into” legal statements that become perjury when the assets are eventually found after the fact. Then, the counsel of the victim can ask the court to take action and force a fair distribution. The Law Offices of William R. Pike Law, LLC can be your expert against hiding assets during divorce in Georgia. As a competent team of Dallas, GA, divorce attorneys, our lawyers anticipate and plan for the need to exercise exception discovery when necessary. We make sure our clients are fully represented and have the best advocate in a divorce, whether fairly or not fairly handled by the other side.