Common assets that spouses try to hide during a divorce

On Behalf of | Jul 21, 2021 | blog, family law |

Many spouses don’t want to give up certain assets during a divorce. Because of this, they try to hide them despite the fact that it’s illegal to do so in New Jersey. These are some of the most common assets that spouses try to hide during a divorce.

Cryptocurrency

Many individuals don’t realize that they aren’t just entitled to cash assets during a divorce. Cryptocurrency is often split among spouses as well. Unfortunately, it can be difficult to prove that their spouse has cryptocurrency as it’s sometimes hard to trace.

Benefits from the military

In some instances, a non-military spouse should get military benefits after a divorce if their spouse served in the military for 20 years or more. It’s crucial that they fill out the necessary paperwork so that they don’t inadvertently waive their rights to these benefits during the divorce.

Pensions

For those individuals whose spouse receives a pension from their job, they can’t forget about making sure that it gets split during the divorce as well. They’re usually entitled to a portion of the earnings that accumulated during the marriage.

Unfortunately, many individuals do try to hide certain assets from their spouse during a divorce so that they don’t have to give them everything that’s owed to them. If you are in the process of getting a divorce, you need to make sure that your spouse isn’t hiding any assets. A lawyer may be able to help individuals uncover assets that their spouse is trying to hide even if they were never aware of them during the marriage.