Tracing Assets

Recovering Value When Marital Assets Are Concealed or Undisclosed

In the early stages of a Florida divorce, each spouse must make a complete and accurate disclosure of assets, income and liabilities to the other. This information provides the foundation for resolving such issues as alimony, property division and child support.

At Moraitis & Raimondi, LLP, we know from experience that people are not always completely candid in these disclosures, and we also understand that certain omissions or misstatements can be inadvertent. No matter what the cause of incomplete or inaccurate financial disclosures might be, we know how to spot them, investigate them and overcome them.

We Can Help With Asset Recovery in Your Divorce

When you work with our firm, we’ll explain our methods for obtaining reliable financial information while helping you meet your own disclosure obligations in an efficient manner. We’ll also be ready to take the necessary steps if it appears that we’ll need to take a closer look at your spouse’s finances.

The starting point is basic discovery, when we issue standard but comprehensive requests for financial information that you’re entitled to receive. Our review of the response to these requests will sometimes reveal gaps or inconsistencies in your spouse’s financial situation. With the help of financial experts and investigators as necessary, we work backward from the initial discovery results to find signs of any of the following:

  • Undisclosed or unreported income from any source
  • Checking, savings, retirement or credit accounts you might not have been aware of
  • Transfers from joint or separate accounts to cover expenses related to gambling, drugs or support of a lover
  • Unusual expenditures related to a business
  • Unusual cash withdrawals or transactions
  • Transfers of property to keep it out of the marital estate
  • Unusual activity in a 401(k) or other retirement account

Your ability to achieve a fair property settlement depends on your ability to obtain a complete and accurate understanding of your spouse’s finances, and our attorneys know how to pursue and trace the signs of incomplete disclosures and hidden assets.