If assets are hidden during a divorce, are they inaccessible after the divorce is finalized?
I’ve said something like this before, both parties in a divorce are required under the law to disclose all of their assets. This is not like “hey, you’re supposed to tell the other side about your bank account” - this is the law. The full and honest disclosure of assets is a requirement.
If it is later discovered that assets were hidden during the divorce proceedings, there are legal mechanisms to address the issue, even after the divorce is finalized. The specific remedies can depend on the state's laws—in Utah, for example, the courts take such matters seriously.
If hidden assets are discovered after the finalization of a divorce, the aggrieved party may file a motion to reopen the case based on fraud or non-disclosure. The courts can then potentially alter the original division of assets. Additionally, there may be other legal consequences for the party who failed to disclose, such as sanctions or charges for perjury or fraud.
However, each case is unique, and the process can be complex. It typically requires substantial evidence that the assets were intentionally concealed and that their disclosure would have significantly impacted the divorce settlement. It's advisable for individuals in such situations to consult with a legal professional who can provide tailored advice based on the specifics of their case and the relevant state laws.
Your best course of action is to speak with a divorce lawyer in your area. If you need a divorce lawyer in Utah, and if he is available, you should call
Jeremy Eveland
17 North State Street
Lindon UT 84042
(801) 613-1472
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