PLEASE NOTE: We are still open and operational! To protect your safety in response to the threats of COVID-19, we are offering our clients the ability to meet with us in person, via telephone or through video conferencing. Please call our office to discuss your options. click here for Covid 19 updates
Laura Dale & Associates, P.C.
713-574-7952

Uncovering financial lies during a Texas divorce

When Houston married couples decide to part ways, spouses are obligated to disclose all financial information before property is split between them. Assets and debts obtained during marriage must be divided according to any earlier legal agreement signed by the couple or according to the guidelines of Texas community property laws.

Do spouses ever lie about the assets they have? Hiding assets that should be categorized as marital property occurs more often than you might believe.

Researchers for the National Endowment for Financial Education learned money was concealed in two-thirds of marriages. That may be surprising to spouses who believe a partner, even during divorce, would never stoop to keeping financial information secret.

Then again, maybe spouses aren't really that trusting. The American Academy of Matrimonial Lawyers reported 90 percent of attorneys had clients who used smartphones to find signs of a spouse's financial dishonesty. Evidence was sought through social media websites and texts.

Spouses can use countless ways to bury assets, from stashing cash in old-fashioned safety deposit boxes to funding personal nest eggs in offshore accounts. Keep in mind, electronic technology now makes it easier than ever before to locate and dig up those hidden accounts and investments.

Some spouses with suspicions of financial foul play take action by using software to tap into a spouse's GPS unit, smartphone and computer. Sometimes, a simple search of a computer's browser history will uncover information about secret accounts, concealed investments or in some cases, even a private, alternative financial lifestyle.

Whether this practice of spying on a spouse is legal or harmful to a divorce case should be discussed with an attorney. Improperly-obtained evidence that would be tossed out of court in a marital property dispute sometimes is useful during negotiations for a divorce settlement. It may be a better option to engage a lawyer or forensic accountant to conduct an investigation.

No Comments

Leave a comment
Comment Information
  • TAOFLS
  • Board Certified
  • IAFL
  • Super Lawyers 2019
  • Best Lawyers
  • Avvo Rating
  • Avvo Rating
  • Avvo Client Choice 2014
  • Avvo Client Choice 2014
  • Best Law Firms Badge
  • Laura Dale
  • Texas Bar Today Top Ten Badge

Contact Our Experienced Team Today

Se Habla Español | Nous Parlons Français

Due to the experience our lawyers have in many specialized areas, you can rely on us to put together the right team to handle your case, even if it centers on complex issues such as international family law, business valuation or bankruptcy. Contact us today to make an appointment to discuss your needs with a knowledgeable lawyer.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Laura Dale & Associates, P.C.
email us for a response

OFFICE LOCATION
1800 Saint James Place
Suite 620
Houston, TX 77056

Phone: 713-574-7952
Fax: 713-600-1718
Houston Law Office Map

Review Us