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Uncovering concealed assets during a divorce

Discussions over the division of marital property are often the most contentious part of the divorce process for Texas couples, and it is not unheard of for one of the spouses involved to attempt to conceal assets or present their financial situation as being bleaker than it actually is. Texas is a community property state, and courts will order that marital property be divided equally if divorcing spouses are unable to come to an amicable agreement. However, marital assets must be identified before they can be divided.

Spouses involved in divorce proceedings are expected to act in good faith and disclose all of their assets and financial holdings. The discovery process allows spouses or their attorneys to ensure that this has been done. During discovery, spouses may be required to hand over financial documents and answer written questions about their monetary affairs. Subpoenas may be used to obtain documents from reluctant spouses.

The information age led to many transactions that were once conducted on paper being processed electronically, and this can leave a virtual trail that can sometimes expose spouses seeking to conceal assets. A popular strategy involves placing money in accounts opened in the name of a third party, but spouses often seek to keep themselves informed by receiving confirmation emails when these accounts are accessed. Such emails as well as online transaction records and even social media posts can be used to expose even the most elaborate asset concealment strategies.

Spouses who have not been involved in financial matters during their marriages are often at a disadvantage during a divorce, and experienced family law attorneys may pay particular attention to transaction records and account statements in these situations. Attorneys may also call upon experts, such as forensic accountants or IT professionals, when elaborate measures may have been taken to conceal assets.

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Bruce Turner

In addition to his law degree, Bruce Turner has a master's degree in tax law and is Board Certified in Commercial Real Estate Law by the Texas Board of Legal Specialization.

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Turner, Bruce E.
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Dallas, TX 75234

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Bruce Turner with Bennett, Weston LaJone & Turner, P.C.

Attorney Bruce Turner is located in Dallas and represents people and businesses throughout DFW and the Metroplex, including Denton, Carrollton, Lewisville, Flower Mound, Farmers Branch, Irving, Las Colinas, Corinth, Highland Village, The Colony, Plano, Frisco, Allen, McKinney, Mesquite, Grand Prairie, Garland and Grapevine as well as Collin County, Denton County and Dallas County in Texas.

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