If you’re a soon-to-be former spouse engaged in New Jersey divorce negotiations while worried that your impending ex is hiding marital assets from you, schedule a date.
With your schedules.
To be more precise, spend some valuable time perusing the 1040 documents that comprise the material appendages to the joint tax returns you and your partner have filed over the years. They just might reveal something important to you.
In fact, and in the event you have been harboring suspicions that your spouse is financially cheating on you, the data you uncover could be flatly eye-opening and prompt immediate action. It might reasonably prompt your visit to the offices of a seasoned family law attorney with a deep well of experience in divorce-linked property division matters.
We noted asset concealment in a blog post from earlier this year, stressing that it turns a central family law expectation upside down. We stressed in our September 28 entry that “New Jersey law is crystal clear on divorce-linked property division,” mandating full disclosure of all marital assets and their equitable division upon marriage termination.
Of course, some vindictive and furtive spouses don’t care a whit about rules and legal canons. They will do everything they can to hide property and deny its fair court-ordered division.
They still must file taxes, though, and it is in the details of those filed documents where evidence of wrongdoing can emerge to confirm that asset hiding is definitely occurring.
Noted tax expert and writer Julian Block stresses in a recent national article that a spouse suspecting a partner’s financial infidelity take a laser-like look at the 1040 attachments that often accompany tax filings. Block notes that perusal of commonplace schedules like A, B, D and E “may uncover a treasure trove of names and accounts that could considerably shorten the search for concealed assets.”
Such information can make for potent evidence in the hands of a proven divorce attorney focused aggressively on fully promoting the rights of a valued family law client.