If you and your soon-to-be ex are a high-asset couple facing a Tennessee divorce, you may have some concerns about marital assets. You want to be sure you have a clear picture of all of your assets, but you also fear that your spouse might liquidate or try to hide some marital property.
Are your fears grounded, or are you worrying about nothing?
Spouses might not reveal all
Sadly, some spouses do try to hide their assets to avoid having them divided in the divorce. This is especially problematic when the other spouse is not financially literate. They may have no clue as to their true worth and might not even be aware of their annual income.
In these cases, you may need to hire a forensic accountant to wade through your holdings and uncover the true value.
Cryptocurrency is not untraceable
It might have taken a bit to catch up to the cryptocurrency purveyors, but now experts can follow the complex blockchains to their transaction origin. They can also provide comprehensive analyses of a couple’s true asset portfolio when divorce looms.
This has been a game-changer, as less-than-candid spouses can no longer stash assets without penalty when filing for divorce.
Don’t make divorce harder than it has to be
The most important takeaway should be that you don’t have to bear the burden of divorce alone. Instead, focus on building a supportive team around you. Your team should include friends and family who are in your corner and financial and legal professionals who can guide your strategy and help ensure you land safely after the divorce concludes.
