Divorce is financially stressful and emotionally exhausting, especially when one spouse refuses to play by the rules. When underhanded strategies are used by one spouse to gain an unfair advantage during a divorce, the other spouse may not know how to counter these tactics effectively. Having an experienced Will County, IL divorce attorney from Law Office of Ronald L. Hendrix, P.C. can help ensure you have a strong advocate in your corner who will always look out for your rights and your future. Below are the five most commonly seen sneaky divorce tactics.
One Spouse is Hiding Assets from the Other
There are numerous ways to hide marital assets during a divorce. These include underreporting income, transferring property to friends or family, inventing debt to minimize assets, and delaying work bonuses or compensation until after the divorce. Texas community property laws dictate that all marital assets are subject to a 50/50 split. If some of those assets are hidden, then a fair division is not possible. It is important that spouses have a comprehensive picture of the marital assets. In some instances, a forensic accountant must be brought in to trace hidden assets.