According to recent studies, it is not too uncommon for marriage mates to fib about money related topics. Whether big or small. Maybe you made a small purchase that you hid from your partner or maybe you were not completely forthcoming with all the money that you received on your paycheck. Regardless of if this practice is harmful or not during a marriage, how about when a marriage ends?
First things first, lying about your assets during divorce proceedings is illegal.
Not surprisingly, though, this fact does not stop people from doing it. It is all too common, for women especially, to be what attorneys refer to as the “out-spouse”. This refers to the spouse that may not have handled the majority of the financial obligations in the marriage. Therefore, this spouse may not have full knowledge of all of the assets both partners have. Thus, making it easier for the partner with more financial knowledge to lie about assets.
Individuals commonly lie in various little ways such as, hiding, understating, or undervaluing marital property, reporting lower income, exaggerating debts, or reporting overstated expenses. Individuals who are hiding assets are looking to keep more money and property than they are entitled to and are in turn cheating the other party out of what they deserve. Morally despicable, also illegal.
So, what happens if a party lies? In each contested, and even some uncontested divorces, parties must sign a Financial Affidavit. This is a document in which you swear to disclose all assets, income and expenses and liabilities under penalty of perjury. Even if you are not specifically asked about a certain asset, under this oath you would be compelled to divulge the information regardless.
If your husband or wife is caught lying under oath, serious penalties can be enforced. A court may order the lying party to pay your attorney fees or in severe cases they may be subject to incarceration. It all depends on the judge and differs case by case. Either way, it will not prove in your favor if you are caught lying.
If you are suspicious that your spouse is hiding assets, contact Roland Investigations today. We perform financial investigations of all sorts and we will work hard in your behalf. Divorces can be messy and ugly. Let us take at least some of the stress off of your hands.
By Roland Investigations 12-20-2019
Recent:
Categories
Archive
Aug 2024
Jul 2024
May 2024
Apr 2024
Mar 2024
Feb 2024
Jan 2024
Dec 2023
Nov 2023
Oct 2023
Sep 2023
Aug 2023
Jul 2023
Jun 2023
May 2023
Apr 2023
Mar 2023
Feb 2023
Jan 2023
Dec 2022
Nov 2022
Oct 2022
Sep 2022
Aug 2022
Jul 2022
Jun 2022
May 2022
Mar 2022
Feb 2022
Jan 2022
Dec 2021
Nov 2021
Oct 2021
Sep 2021
Aug 2021
Jul 2021
Jun 2021
May 2021
Apr 2021
Mar 2021
Feb 2021
Jan 2021
Dec 2020
Nov 2020
Oct 2020
Sep 2020
Aug 2020
Jul 2020
Jun 2020
May 2020
Mar 2020
Feb 2020
Jan 2020
Dec 2019
Nov 2019
Oct 2019
Aug 2019
Jun 2019
May 2019
Apr 2019
Mar 2019
Feb 2019
Jan 2019
Dec 2018
Oct 2018
Aug 2018
Jul 2018
Jun 2018
Apr 2018
Mar 2018
Feb 2018
Dec 2017
Oct 2017
Aug 2017
Jun 2017
May 2017
Apr 2017
Mar 2017
Jan 2017
Nov 2016
To send us an email 24/7,
fill out our form.
Mail all documents to:
1660 S Albion Street, Suite 826
Denver, CO 80222
Service@RolandInvestigations.com