For many divorced people, there’s a realization that their ex-spouse is hiding money in order to prevent it from being distributed fairly. These individuals fall into a few categories: a person currently going through divorce seeking fair compensation and people who are already divorced and aren’t receiving court-ordered payments. Whether it’s a good idea for these individuals to pay a professional to find concealed assets depends on a variety of factors.
In some cases, people can find hidden accounts by simply examining existing tax records. Federal returns may contain information about previously undisclosed accounts. Specifically, a Schedule B form requires that filers list the names of banks, brokerage companies, mutual funds and other sources of dividends and interest payments. There is also a section that requires the listing of any foreign accounts.
A Schedule D form may also disclose information about hidden assets. It shows the capital gains from sales stocks, funds and other assets. Schedule E displays gains from other sources, including royalties, rental real estate, corporation profits and estates and trusts. In some cases, these sources of money may still be active. By investigating the information revealed in these forms, a person may be able to find out if there are hidden funds and where they are located.
People who believe that their ex-spouses are hiding assets may benefit from the support and guidance of Greenwood Village, Colorado, high-asset property division divorce attorneys. They will use all the resources at their disposal to find hidden funds, including hiring a private investigator if absolutely necessary. If hidden assets are discovered, a lawyer may bring the issue up in court in order to ensure his or her client gets the compensation he or she deserves.