hidden assets

Alter Ego and Piercing the Corporate Veil in the Context of Divorce

January 24, 2010 17:52

Businesses can pose special challenges upon divorce. As Dallas divorce attorneys, we deal with these issues in many of our cases, with businesses acquired during the marriage and also businesses owned by one spouse before marriage. Texas law typically treats corporations, partnerships, and other...

Automatic Stays: Protecting the Financial Interests of the Parties in Divorce

Daniel Clement
August 25, 2009 03:47

In the past, many matrimonial actions got off to a particularly acrimonious start because one spouse was fearful that the other would transfer and hide assets, cancel insurance and run up debts as soon as they received notice of the divorce. As a result, one party had to go to the expense of...

Hidden Assets in Divorce

Michelle May O'Neil
May 15, 2009 01:12

Frequently we are asked what recourse is available when one spouse attempts to hide assets of the marital estate during a divorce.  Not only is such conduct highly unethical, it is fraudulent as well.  Typically a forensic accountant is called in to help search for hidden assets.  In...

Tips to Prevent Assets From Being Hidden

Daniel Clement
September 18, 2008 19:35

In this time of economic turmoil, I anticipate the divorce rate will increase.  When money is available to fund a comfortable lifestyle, spouses are more forgiving of minor transgressions. But, when there is less cash available, it is more difficult of overlook a spouse’s foibles...

Hidden Assets in Divorce: A Revealing Look

Daniel Clement
April 01, 2008 22:34

A recent study discovered that 20% of divorcing couples tried to conceal assets or income from the spouse. As reported in the Telegraph: The study - by the accounting firm Grant Thornton, which surveyed 100 family lawyers - found that husbands were much more dishonest when a marriage...