Is Your Spouse Hiding Assets in a Business?
It’s sad but true – some spouses will do just about anything to hide assets in the face of a divorce. One of the easiest ways for a spouse to hide assets is in a business. This can be as flagrant as taking physical assets, such as an expensive piece of art, and hanging it up in the business. They can also be more sneaky and decide now is a good time to take out a big business loan or to invest in new capital equipment. There have even been cases of spouses hiring fake workers and funneling money into “salaries” for these workers to either lower personal assets or drain business coffers before a divorce.
If you suspect that your spouse may be hiding assets in his or her business, you may need to hire a financial investigator and/or forensic accountant. If you live in Temecula, contact the attorneys at Albrecht & Albrecht. We can help you get to the bottom of any hidden assets.