Do you have to disclose all bank accounts in a divorce?
Do you have to disclose all bank accounts in a divorce?
There are a number of reasons why you may not have to disclose all bank accounts in a divorce. One of the most common reasons is hiding assets. Some spouses may transfer their assets to friends or family with the intention of returning them when the divorce is final. These can include payments for services that weren't rendered, personal loans, or fake debt.
It is important to remember that the bank accounts you have outside your marriage should not be considered marital property. If you have separate bank accounts, you can still use them to pay for bills that are not part of your joint financial obligations. If your spouse is hiding any bank accounts, you should seek legal advice. A divorce attorney will have experience dealing with uncooperative spouses. They will give you a better understanding of your options and ensure that you protect your rights.
Whether you have to disclose all bank accounts in spousal property is an important issue when dividing marital assets. You will need to make sure that your spouse's bank accounts are divided fairly. In some cases, the court may ask you to reveal certain types of accounts, such as retirement accounts, investments, or savings accounts.
If you have any questions or need a Divorce Attorney, please call this law firm for a free consultation.
Ascent Law LLC
8833 S Redwood Road Suite C
West Jordan UT 84088
(801) 676-5506
