Blog Post

Telltale Signs of Hidden Assets During a Divorce

  • By admin
  • 11 Dec, 2018

Private Mail Box

A person can legally own more than one mailbox. However, your partner probably doesn't have a good reason to keep a mailbox hidden from you if it's legitimate. Some people use private mailboxes to receive information that may reveal ownership of hidden assets.

Maybe your partner has a side business that they don't want you to know about. They may set up a private mailbox where they can receive communication, financial statements, and all mail related to the business. Dig further when you discover a hidden mailbox.

Lifestyle-Income Discrepancy

A discrepancy between the lifestyle your spouse lives and the income they have reported may also point to a hidden asset. Be suspicious if your partner has moved out of the house and rented a huge apartment, has taken expensive vacations in the recent past, and has decorated their loft with the most expensive artwork.

Generous Gifting

Some people gift expensive items to their friends and family members to hide assets. Your spouse may gift their car to their dad, give their cousin business capital, or gift their sibling an expensive piece of art just before the divorce. They then reclaim the gift after you finalize the divorce.

Generosity is an admirable trait, but your spouse is probably not that generous if they only started the habit at the same time the divorce process started. The more gifts your spouse dishes out, the more you should be suspicious of their generosity.

Secrecy

Anyone with something to hide will naturally do everything to keep the issue secret. You may find that your partner doesn't want to discuss financial issues with you, hides financial mail as soon as the mail arrives, or doesn't tell you about their source of wealth. They may buy a safe that only they have access to or even rent a storage unit in which to keep their private assets.

Changes in Business Finances

If you have a family business or your partner has a side business, then watch out for changes in the business, particularly when it comes to the finances. The following are some of the financial changes that may mean your spouse is not forthcoming with the truth:

• An increase of business expenses, some of which look suspicious, may mean your partner takes money from the business.

• A decrease in profits may also indicate that your partner regularly fills their coffers with business money.

• A slowdown in business activity may indicate that your partner doesn't want to sign valuable contracts until after the divorce is final.

You need to stay on top of business operations until after you finalize the divorce. Pay close attention to the business so that you can spot suspicious activities.  

Settlement of Debts

Some people also give money to their close friends or relatives and lie, saying that they are debt settlements. If your spouse has hidden assets that way, then they will reclaim the money from their loved ones or friends after your divorce. Therefore, watch out for a sudden desire to pay debts, particularly large debts which you know nothing about.

As you can see, spouses can use many methods to hide assets during a divorce. At The Law Offices of Christopher Dionisio, Attorney at Law, we can help you discover hidden debts so that you get your fair share of your marital property. Contact us today and let us handle your divorce for a fair result.

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Do you believe a divorce is looming in your future? Are you thinking about filing for divorce? Initiating divorce can be a difficult process, especially when you don't plan ahead. If you want to ensure you are prepared to dissolve your marriage, you need to take action now before you file.

With these steps in mind, you will be better prepared for the divorce and custody proceedings. Read on to learn more.

Understand Ohio's Divorce Laws

A divorce lawyer is a crucial source of information during your divorce, developing a wider understanding of Ohio’s divorce laws is certainly helpful. Your divorce lawyer can provide you with step by step instruction on how you should proceed.

Care for Children

Custody is not the only matter relevant to your children. Children undergo a difficult transition during divorce, and providing a sense of normalcy is critical. You might consider discussing therapy options for your children to allow them to cope with the changes ahead.

Avoid Social Media

Social media can hurt you during divorce, especially if you express your feelings a lot on the web. You are better off avoiding websites like Facebook and Instagram until after the divorce proceedings. Otherwise, you might reveal something unfavorable or make yourself look unstable, indiscrete, or irresponsible.

Take Hold of Your Finances

Are you unsure of your financial situation? Now is the time to initiate an understanding of your assets and debts, especially determining which are shared and which are individually owned.

Now is also a good time to inventory all household possessions, including anything of value. Keep track of the value of each item.

Keep Track of Important Events

Logging interactions you have with your future ex-spouse is important too. For example, you should log any instance of domestic violence or situations that might warrant your gaining sole or primary custody of your children. Document all such incidents and submit them to your attorney.

Retain a Divorce Attorney

A good divorce attorney is worth your while. An attorney not only provides you with options for discussing your legal situation but also presents a support system. You may need to rely on your attorney throughout the court proceedings, so it pays to choose an attorney you want to work with closely.

The Law Offices of Christopher Dionisio  is a respected and dedicated member of the community. We understand Ohio law, especially when it pertains to divorce. Call us today to set up a consultation.

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An accident can occur anywhere and anytime, but do you have any idea what to do if you received an injury at work? Many people don't know how to proceed. Some may not want to tell their employers out of concern that they could be terminated, and others may not want to tell because they cannot afford to take time off.

No matter the reason why your accident occurred or why you don't want to tell, you do have rights and deserve protection if you have been injured in an accident in the workplace.

Learn what steps to take if you've had an accident at work that resulted in an injury.

Get Medical Help

If you've been injured, you need to seek medical attention right away. Waiting for medical attention may result in your workplace claiming the injury occurred elsewhere. If you have first aid at your work, get to the first aid clinic for treatment. If your workplace has a clinic off-site that they normally use for injuries, go to that clinic.

If your workplace doesn't have a first-aid clinic or a designated outside clinic, visit a hospital or urgent care facility quickly to have them assess and treat your injuries and document your injury.

Inform Your Supervisor or Boss

Be sure you let your immediate supervisor or boss know that you received an injury. Your employer will have paperwork that they need to fill out in the event of an accident and steps they need to take on their end to document your injury.

Give them all of the information they need about the accident.

Follow Physician's Orders and Employer Restrictions

If your physician has you on restricted duty at work, or your employer placed you on light duty until you heal, follow these instructions. Don't attempt to do too much and injure yourself further. Stay on light or restricted duty until your physician releases you.

If your employer pushes you to do more, don't - not until you are fully released.

Keep Track of Paperwork

Keep track of all paperwork related to your work injury including medical bills, post-accident pay stubs, and information your physician or other medical facilities you visited provided to you. Also, keep track of all paperwork and documentation from your workplace and the insurance carrier involved.

If your employer or the worker's compensation insurance company refuses to pay for your accident, you will need all of this paperwork if you choose to take legal action.

Find a Personal Injury Attorney

If you decide you need to take action against your employer and the insurance company, you'll need to find the right attorney to help you fight for your rights and to give you compensation for your injuries, back pay from time lost, and other money that your company or the insurance company owes you.

Look for an attorney that specializes in workplace injuries and has won these types of cases in the past.

Take advice from your personal injury attorney such as using physician restrictions at home in addition to when at work. This can help prevent your employer from claiming that your injuries aren't as severe as was reported.

If you've been injured in a workplace accident, you should receive compensation for not only the medical bills from the accident but for back pay and other losses you suffered from the accident such as time lost with family or financial impacts the accident may have caused you and your family.

Call The Law Offices of Christopher Dionisio, Attorney At Law , for a consultation today to discuss your case and get you the compensation you deserve.


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