Unveiling the Truth: Oriol Helps You Protect Your Financial Interests in Divorce

Divorce is rarely simple, but with the right support, you can navigate this challenging time with confidence. In Louisiana, both spouses have the right to a fair division of the assets accumulated during their marriage. While some couples manage to part ways amicably, others face disagreements, particularly when it comes to dividing assets. This process can be especially daunting if you suspect your spouse is hiding assets. However, you don’t have to face this challenge alone—Oriol Law Firm is here to help. We’re dedicated to making the divorce process as smooth as possible, ensuring that any hidden assets are uncovered so that you receive your fair share and can move forward with your life on solid ground.

The Tactics of Concealing Assets

When emotions run high and the stakes are significant, some individuals might attempt to hide assets to prevent them from being included in the divorce settlement. This deception can take various forms:

1. Under-the-Table Earnings: If your spouse suddenly has a lot of cash but their bank account balance doesn’t reflect it, they may be receiving income "under the table" to avoid sharing it with you.
2. Gifting Valuables: A sudden surge in gifting expensive items, such as jewelry or art, could be a ploy to temporarily transfer assets to friends or family, only for them to be returned after the divorce is finalized.‍
3. Converting Cash to Property: Your spouse might start purchasing valuable property, like antiques or art, then downplay their worth during the divorce proceedings. After the divorce, they can sell these items at their true value, converting them back into cash.

Where to Look for Hidden Assets

If you suspect your spouse is hiding assets, there are several places you can investigate:

1. Tax Returns: Tax returns provide a comprehensive overview of your spouse's financial situation. Discrepancies between reported income and actual lifestyle can indicate hidden income or assets.
2. Bank Accounts: Reviewing bank statements can reveal unusual deposits, withdrawals, or transfers. Unexplained activity could be a sign of hidden assets.
3. Colleagues, Employers, Friends, and Family: Those close to your spouse may have information about financial activities you’re unaware of. While it’s a delicate situation, your attorney can help navigate these inquiries.
4. Business Records: If your spouse owns a business, there could be undisclosed profits or assets. Business records can reveal hidden sources of income or investments.‍
5. Tax Assessor’s Office: Property ownership records can uncover real estate or other assets that weren’t disclosed during the divorce. These records can also reveal mortgages or liens, indicating potential hidden assets.

Why Hiding Assets Is Illegal

In Louisiana, hiding assets during a divorce is illegal because it prevents a fair division of property. The law requires full disclosure of all assets to ensure an equitable settlement. If a spouse is caught hiding assets, they may face legal penalties.

Getting the Support You Deserve

At Oriol Law Firm, we understand the emotional and financial strain divorce can cause, and we’re here to make the process as smooth as possible. Our experienced attorneys are dedicated to uncovering any hidden assets and ensuring a fair and just division of property. We’ll work tirelessly to protect your interests, allowing you to focus on moving forward with your life. With Oriol Law Firm by your side, you can regain your peace of mind and start the next chapter of your life.

Don’t let the stress of divorce keep you down. Let Oriol Law Firm help you uncover the truth, secure your fair share, and get back on your feet. We're committed to guiding you every step of the way, ensuring that your future is as bright as it can be.

Reach out to our team today for a free consultation.