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Forensic Accounting and Hidden Assets


Attorneys Helping Clients Uncover Hidden Assets During a Divorce in Barrington and Geneva

It is not uncommon for divorcing couples to have disputes over finances. In some cases, however, one of the spouses hides assets from the other, depriving them of a fair and equitable division of the marital property. This practice is particularly common in high net worth divorces and cases in which one spouse earns the majority of the income or has their own business. If you are considering a divorce, and you suspect that your spouse may be concealing assets or property, you need a seasoned attorney in your corner who understands forensic accounting and how to locate hidden assets.

The Law Office of Vogel & Mourelatos, LLC, has represented hundreds of clients for divorce in Kane County and surrounding communities. Our lawyers have over three decades of combined family law experience, and we have in-depth knowledge of the most complex divorce issues, including situations in which spouses try to hide assets during the divorce. We work closely with our clients throughout the entire process, and we put our experience to work to ensure full financial transparency, so our clients receive all that they are entitled to.

Forensic Accounting and Hidden Asset Discovery

During a divorce, assets can be concealed in a number of different ways. Some of the most common ways divorcing spouses attempt to hide financial property include:

  • Producing forged financial disclosure documents.
  • Opening secret bank or investment accounts.
  • Transferring money or property to family members or friends.
  • Storing money or property in a safety deposit box.
  • Asking an employer to delay a large commission or bonus.
  • Undervaluing unique assets or property such as jewelry or artwork.
  • Hiding cash inside a business bank account.
  • Using business bank accounts/funds for personal use or expenses.
  • Overpaying the IRS so they can receive a refund after the divorce is finalized.

A spouse may be aware of an asset that is not listed on the financial disclosure, or they may have strong reason to believe there are hidden assets. Either way, hidden marital property can be uncovered through the discovery process.

During discovery, several methods can be employed to obtain the full financial information of your spouse, including:

  • Written information requests (interrogatories)
  • Requests to produce documents or tangible property
  • Oral questions under oath (depositions)
  • Forensic accounting

In some divorce cases, forensic accounting may be necessary. Forensic accountants are professionals who are trained to identify issues and inconsistencies in financial records such as tax returns, bank records, business accounting statements, and similar types of documents. By utilizing advanced asset tracing methods, forensic accountants are often able to untangle complex financial circumstances and locate carefully concealed assets.

Speak With a Knowledgeable Geneva Forensic Accounting and Hidden Assets Attorney

At the Law Office of Vogel & Mourelatos, LLC, we are committed to ensuring that our clients receive their fair share of the marital estate. We use all necessary forms of discovery, and when necessary, we work with forensic accountants to track down secret and hard to locate financial assets.

If you need help with locating hidden assets, contact our office today at 847-428-7725 or 630-200-4882. We serve clients in Kane County, McHenry County, DuPage County, Cook County/Rolling Meadows, Algonquin, Barrington, Barrington Hills, Batavia, Bull Valley, Burlington, Campton Hills, Carpentersville, Cary, Crystal Lake, Dundee, East Dundee, Elgin, Geneva, Lake in the Hills, Pingree Grove, St. Charles, South Elgin, West Chicago, West Dundee, Woodstock, and the surrounding Illinois communities.