In South Dakota, all real estate and other assets acquired during the marriage are considered part of the marital estate and are divided equitably in a property settlement between the parties. However, some spouses who are considering divorce or believe their spouse may file could try to hide assets and income. While it is unethical and illegal to do this, it is a common practice for some people who are facing divorce.
In many families, it can be difficult to keep track of all the income and assets—such as real estate, bank accounts, stocks, mutual funds, and retirement accounts. A spouse can take advantage of his partner’s ignorance of these matters and try to hide income and assets. If you are contemplating divorce or in the middle of divorce proceedings, here are ways people may try to hide their financial resources:
If you suspect your spouse is hiding income or assets, you need an experienced divorce attorney to help you locate them. At Zimmer, Duncan & Cole, LLP, we’re here to help you locate all of your marital income and assets and will fight to help you obtain a fair property settlement. Call us today at 888-733-2992 to schedule a free, no-obligation consultation.
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