Hidden Assets
Call for a free initial consultation
Law Offices of Benita Ventresca408-395-8822
20 S. Santa Cruz Ave., Suite 212, Los Gatos, CA 95030
Offering Limited Scope Service
Mediation and Litigation

Los Gatos Lawyer for Hidden Assets During Divorce

Experienced Asset Tracing Divorce Attorney Serving Palo Alto, Monte Sereno, and San Jose CA

los gatos hidden asset lawyer

Divorce is a stressful situation that sometimes brings out the worst in people. Some spouses even seek to hide assets during the divorce. This kind of behavior is not only unfair to you, but it is also illegal. At the Law Offices of Benita Ventresca, we will fight for you and help you uncover the hidden assets so the property division process is fair. We use all the legal tools at our disposal to make sure you do not get taken advantage of and that anyone hiding assets is held accountable.

Asset Tracing

In some cases, outside experts such as forensic accountants are needed to help uncover hidden assets in high-asset divorce situations. A forensic accountant works like a detective, carefully following the clues in the financial documents to discover where a spouse has hidden the marital assets. Often people will leave a money trail behind them when trying to hide assets or income.

How Are Assets Hidden?

There are several ways someone can hide marital assets. The goal is usually to avoid having the asset or income divided as part of the divorce. Some common ways assets can be hidden include:

  • Withdrawing money over time from marital bank accounts and depositing the money in a secret account.
  • Lying about the amount of income received.
  • Transferring assets to another person for them to hold until the divorce is final.
  • Secretly purchasing real estate.
  • Buying expensive items like art or jewelry, hiding the items until the divorce is final, and then liquidating them back into cash.
  • Not disclosing retirement accounts or investment accounts.

Preventing Hidden Assets

While there are many tools available to your legal team to try and find hidden assets, there are many things you can do to prevent assets from being hidden in the first place. The more familiar you are with your family's finances, the harder it will be for your spouse to hide assets. If you are considering a divorce or if you believe your spouse is considering it, you can use some careful divorce planning to prevent your spouse from being able to hide assets.

This planning would include meeting with an experienced divorce attorney. You will also want to gather bank statements, credit card statements, retirement account statements, investment account statements, and any documents relating to any real estate you own. Once you are clear about the extent of your marital assets, it will be easier to create a strategy for your divorce that keeps your spouse from having a chance to hide assets.

If you are considering a divorce or are already going through a divorce, contact the Law Offices of Benita Ventresca at 408-395-8822 to schedule a consultation. The sooner we meet, the sooner we can discuss your best options and help you understand the divorce process. We are located in Los Gatos and serve clients throughout Santa Clara County, Palo Alto, Monte Sereno, San Jose, Campbell, and the surrounding areas.

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Law Offices of Benita Ventresca

20 S. Santa Cruz Ave., Suite 212
Los Gatos, CA 95030

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Call us for a free initial consultation

408-395-8822
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Conveniently located in downtown los gatos and
close to highway 280, 85 & 880

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