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Hidden Assets Divorce LawyerAll divorcing spouses must come to an agreement as to how they will divide their marital estate. For some spouses, this is simple and straightforward; for others, it is a long, complicated process. Over the years, women have gotten a reputation for being most frequently wronged by malicious behaviors on the part of their husbands during asset division. However, as more and more women outearn men in the workforce, the exact same motivations that drive men to hide assets from their wives are applicable when it comes to wives hiding assets from their husbands. Some spouses do it to reduce the amount of the marital estate they have to divide; other spouses do it to reduce child or spousal support payments. 

If you are a father getting divorced, it is important not to underestimate the chances of your wife attempting to hide assets from you. You deserve the full share of assets to which you are entitled under the law, and a divorce attorney in your state can help you make sure that you get it. 

How Do I Know if My Wife is Hiding Assets in Our Divorce? 

It can be difficult to know whether someone you once loved and trusted would do something as detrimental to your well-being as trying to diminish your share of your marital property by hiding assets from you. However, if your spouse has a history of financial dishonesty - or of compulsive dishonesty in general - you need to be on the alert for suspicious financial behavior. If large amounts of money are missing from your shared bank accounts, if cash withdrawals are unexplained, or if your wife suddenly seems to have a drop in income, she may be hiding, or planning to hide, assets from you. 

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Divorce is rarely cheap, but fathers often have to bear the brunt of the cost as they make alimony and child support payments and sometimes even pay for their spouse’s attorney. Making things worse, fathers are often the ones who move out of the house during divorce, meaning they may have to go through the divorce process without seeing their children regularly. 

divorce lawyer for fathersAlthough some financial difficulties of divorce are hard to avoid, there are certain steps that experts recommend that could help you manage your finances more easily. If you can implement any of these, you may just be able to make your divorce your doable. 

Know Your Full Financial Picture

Although some couples feel painfully aware of how little they have, others may not be fully cognizant of their total financial picture. This is a mistake because you cannot fight for your fair share of marital assets if you are not sure what they are. You should know the balances of any savings accounts, retirement accounts, or credit card bills, as well as whether any tax refund is likely in the upcoming year. If you have a prenuptial agreement detailing your property in a divorce, review it now. 

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division of assets in divorce

No one goes into a divorce expecting it to be easy, but most people do not realize just how complex and challenging the financial aspects can be. There are a number of financial issues that a couple will need to address during divorce, from dividing their assets and debts to figuring out whether one spouse will pay child support or spousal support to the other. If these issues are not handled correctly, a couple may encounter contentious legal battles that may drag the divorce process out for multiple months or even years, resulting in additional expenses and financial complications.

As a couple works to divide their marital assets, they will need to be sure they fully understand the extent of property they own, the value of different assets, and the steps they can take to ensure they will each have the financial resources they need going forward. This process requires spouses to be completely open and honest with each other about all financial issues. Unfortunately, there are many cases where spouses may conceal information from each other and attempt to unfairly influence the property division process. Matters may become even more complicated in situations where one spouse has acted in a way that has caused financial harm to the other. In cases involving the dissipation of assets, a spouse will need to work with an experienced Chicago divorce attorney to determine how to address this issue.

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divorce lawyer for fathersWhile domestic violence is a serious concern in marriages across the United States, it is easy to falsely accuse a father of marital abuse during divorce and have courts take it seriously. Once such an accusation has entered the picture, the man accused of the abuse often has to spend an enormous amount of time, energy, and money trying to prove that he never committed the abuse. Unfortunately, the presumption of innocence is frequently denied, and the father is the one stuck trying to demonstrate his innocence so he can get custody of his kids. If you have been falsely accused of abuse or are worried you may be, here are some steps you can take. 

Keep Your Data Private

Wives who have feelings of extreme jealousy, possessiveness, and anger management issues often snoop through their husband’s private material without justification. Change your passwords, PINs, and other information that could give your wife access to your private accounts. If your wife begins making threats, document them and share them with family members and friends so you can begin establishing a history of threatening behavior. 

Take False Allegations Seriously

Many fathers are shocked when allegations of abuse are made against them. While your marriage may not have been perfect, it can be hard to believe your wife would make such a claim, and you may be tempted to brush it off or hope it blows over. However, even false allegations are important to take seriously because they can carry serious consequences, including the loss of access to your children and even arrest and jail time. 

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prenuptial agreement divorce lawyerHaving a prenuptial agreement in place can make divorce significantly easier for many spouses. A strong prenuptial agreement can create a faster, simpler path to a finalized divorce for many couples. However, for others considering divorce, their prenuptial agreement is a source of great stress. Some people may even fear that they will be unable to support themselves after getting divorced because the prenuptial agreement is heavily in their spouse’s favor. 

The good news is that not every prenuptial agreement will be enforceable exactly as written. There are limits as to what a prenuptial agreement can or cannot do. If worries about your prenuptial agreement are keeping you from filing for divorce, it may be wise to consult a qualified attorney. A lawyer can evaluate your agreement and offer you a better idea of how it may affect your divorce proceedings. 

What Can a Prenuptial Agreement Control During Divorce?

Prenuptial agreements are very commonly used to decide in advance how your property would be divided in the event of divorce. These contracts can be used to designate certain assets as the separate property of one spouse or to decide how marital property like joint accounts or real estate would be divided. Spousal support can be waived, but this provision might not be enforced if it would leave one party in dire financial straits. 

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