Hidden Assets and Divorce
The state of Texas recognizes the distinction between community and separate property in the case of a divorce. Separate property is any property or asset an individual acquired before the marriage, while community property is any property the couple acquired together. By distinguishing between these two properties, one spouse cannot take everything from the other in case of a divorce. However, some spouses may illegally attempt to keep or hide certain assets that are community property.
Do not suffer from your spouse hiding assets in the event of a divorce. You are entitled to a fair part of the community property. To speak with a qualified legal representative about your legal options, contact the Denton property division attorneys of Alexander & Associates today at 972-420-6560.
Possible Secret Assets
If divorcing couples cannot decide on the division of property between themselves, a judge or court will generally split the community property evenly between the two spouses and let them keep their separate property. Community property can include any gifts, purchases, or inheritance the couple received during marriage. Your spouse could hide community assets by:
- Choosing to not report property or businesses he or she purchased without telling you
- Having secret retirement or bank accounts
- Not reporting income or falsifying income he or she has earned from any businesses dealings
Do not let your former spouse cheat you out of the assets you deserve.
Let us represent your interests and fight for your community property during your divorce. The Denton divorce lawyers of Alexander & Associates can work with you every step of the way to help make this process as smooth as possible. Contact us today at 972-420-6560 today to discuss your legal options.
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