Posts tagged asset concealment
Consequences Of Hiding Assets During Divorce
Consequences Of Hiding Assets During Divorce

In 2023, there were 672,502 reported divorces in the US. This equated to a rate of 2.4 divorces for every 1,000 people. This data is from the Centers for Disease Control and Prevention and only accounts for 45 states and Washington, D.C. Every property division case relies on each spouse being completely honest with their financial disclosures. There are multiple penalties for hiding assets in divorce proceedings. A spouse who hides assets runs the risk of being penalized, being forced to pay for the other spouse’s legal fees, and the court taking away the hidden property.

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