– from Pamela V. in Richfield, WI
I am in the process of getting a divorce, and I am concerned my husband is hiding assets. How can I find out if he is being dishonest? Do I need to hire an investigator?
Also, I heard I can get the expenses returned from he made to buy a girlfriend dinners as well as gifts. How do I go about getting these expenses returned? How do I calculate the expenses? Should I obtain his credit card statements?
Family Law Attorney Response:
When we are faced with this kind of situation we will ask for a Production of Documents. We will request these for the last five years to ensure we are not missing anything. The opposing party must comply due to Transparency laws.
What is requested in the Production of Documents is the following types of documents:
- Complete Employment History
- Complete Education History
- Banks Account with numbers
- Brokerage Firms
- All Income Sources
- Pending Litigation and Insurance Settlements
- Estate Proceeds
- Asset Sales
- Lifestyle Expenses for:
- Child Care
- Detailed Information on Personal Relationships
- Detailed Information on Business Relationships
After we get this information from the opposing party we will work with a forensic CPA to run a report using the expenditure method. This will identify if the amount of assets and expenses exceed the documented income.
It is very hard to hide assets in today’s world as a paper trail exists for nearly every purchase and trained CPAs have very through methods of identifying abnormalities.
I hope this helps. Let us know if we can do anything to assist in your case.
Jeff Hughes, J.D.