Ordway Law Group, LLC
Ordway Law Group, LLC
Divorce & Family Law

Finding assets is a vital part of the divorce process

| Sep 8, 2018 | High-asset Divorce |

There are some marital assets that are easier to forget about than others. For instance, you might not think much about digital assets that you don’t access regularly, like stocks you manage online or even savings accounts you don’t regularly access.

It’s important to make sure you know as many of your assets as possible, along with as many of your spouse’s assets as possible, when you file for a divorce. If you get through the entire divorce and forget an important asset, then there could be a chance that you can’t get it back and won’t have a right to anything further. An exception would be if your spouse intentionally hid an asset or lied about it. That could result in seeking a modification to your divorce and settlement agreement.

It is always important to look at credit reports, printed documents and bank account statements to find as many of your assets, and your spouse’s assets, as possible. Some other commonly missed assets in divorce include intellectual property, vacation pay, bonuses and prepaid memberships.

If you don’t know about all the assets you have, then you might want to approach this from a “missing assets” angle. To find hidden assets, you may wish to work with a forensic accountant or other professionals familiar with commonly discovered missing or hidden assets. These individuals know where to look for assets you may have that you could have forgotten about, a wise move before your divorce. Your attorney can help you make sure you find all the assets you can before a settlement agreement.

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