Divorce in DuPage County, IL can become a heated and competitive endeavor that sometimes results in spouses trying to hide assets from each other. From hiding cash in a secret place to hiding cryptocurrency in an offshore bank account, it can be difficult to find and prove that hidden marital assets really exist and deserve to be divided as part of the marital estate.
Hiding property is an unfair and unethical behavior that does not just affect the division of marital property - it can also affect child support payments and spousal maintenance payments by making a business owner’s revenue or a business’s value appear far less than it really is. Unfortunately for the other spouse, a small business offers the business owner plenty of surreptitious opportunities to hide away money before and during a divorce because there are so many ways assets can be concealed. If you are getting divorced and are worried your spouse might try to hide marital assets, contact an Illinois divorce attorney with experience in this matter right away.
Common Ways Business Owners Hide Assets
Even small businesses can bring in substantial profits. While a business owner may be willing to share these profits during a marriage, he or she may feel perfectly justified in concealing them during divorce. Some common ways assets may be concealed include:...