Why You Shouldn’t Hide Assets in a Divorce

Visit the full page: https://azcriminalandfamilylaw.com/hide-assets-in-a-divorce/ Divorce is a profoundly stressful experience, often prompting concerns about financial security and future well-being. It’s during these trying times that some individuals might consider hiding assets as a strategy to protect their financial interests. The thought process behind this decision typically stems from fear of an unfair division of assets, anxiety over insufficient future resources, or the desire to avoid alimony or child support obligations. However, while the motives can be understood within the context of financial fear, the decision to conceal assets during a divorce can lead to severe consequences. Hiding assets in a divorce not only risks legal penalties, including perjury charges and potential jail time, but also damages the trust that is crucial for negotiating fair terms. Moreover, such actions compromise the ethical standards expected in legal proceedings and can drastically alter the outcome of property division, alimony, and child support determinations. The repercussions of hiding assets extend beyond legal boundaries; they can irreparably damage relationships and prolong the divorce process, increasing both emotional and financial strain. The Law Office of Daniel Hutto Arizona Family Laws Attorneys [phone] azcriminalandfamilylaw.com Address: 2201 E Camelback Rd Suite 120 Phoenix, AZ 85016