What Happens When My Spouse is Hiding Assests | Episode 153

One of the most common things we as divorce lawyers often hear is that a client thinks their spouse is potentially, and intentionally, hiding money. So today, we delve into what to do if you suspect your spouse might be hiding assets during a divorce. This is an interesting topic because, as we know, when people are going through a divorce, there is often not a lot of trust between the two parties. 

We start our conversation with an overview of asset hiding and why people sometimes do it, and we talk conceptually about what asset hiding could look like. You’ll hear insights into how lawyers recognize the red flags of asset hiding and potential implications, and we share thoughts on the cost/benefit analysis of hiring experts as part of the discovery process.

Key Points From This Episode:

• Amy gives an overview of asset hiding and why people sometimes do it in a divorce.
• We talk about some hypothetical asset-hiding scenarios. 
• How divorce lawyers recognize the red flags of asset hiding, what they are, and what to do about them.
• Why tax returns can be very telling.
• Potential implications of hidden assets in a divorce.
• The role of lawyers in asset tracing; experts in forensic accounting. 
• Why Amy uses depositions as a discovery tool.
• Amy goes deeper into hiring experts and how it can drive up costs (the cost/benefit analysis).
• More about forensic accounting and developing technologies and AI.
• What the law provides in terms of the discovery of hiding assets in divorce (Rule 16.2E10). 
• Two things for listeners to walk away with: gather information and have a special master, arbitrator, or private judge.

What is Divorce at Altitude?

Ryan Kalamaya and Amy Goscha provide tips and recommendations on issues related to divorce, separation, and co-parenting in Colorado. Ryan and Amy are the founding partners of an innovative and ambitious law firm, Kalamaya | Goscha, that pushes the boundaries to discover new frontiers in family law, personal injuries, and criminal defense in Colorado.

To subscribe to Divorce at Altitude, click here and select your favorite podcast player. To subscribe to Kalamaya | Goscha’s YouTube channel where many of the episodes will be posted as videos, click here. If you have additional questions or would like to speak to one of our attorneys, give us a call at 970-429-5784 or email us at info@kalamaya.law.

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DISCLAIMER: THE COMMENTARY AND OPINIONS ON THIS PODCAST IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES AND NOT FOR THE PURPOSE OF PROVIDING LEGAL ADVICE. CONTACT AN ATTORNEY IN YOUR STATE OR AREA TO OBTAIN LEGAL ADVICE ON ANY OF THESE ISSUES.