It is safe to say that most adults use some form, if not many, of social media. It keeps friends and family informed, helps with networking for business, and is entertainment at your fingertips. This is all great, but when you are going through a divorce, you may wonder what your social media activity can affect. It is also possible that you wonder what the information you gain from your ex-spouse’s social media can affect. In this blog, we will briefly explore some downfalls for both you and your soon-to-be ex with social media use. Also, we provide some tips ... Read More
Tag: hidden assets
05
Dec2019
03
Nov2017
The Use of Forensic Accountants and Private Investigators to Find Hidden Assets in Divorce
In Indiana when you file for divorce, there is a rebuttable presumption that the Court is to divide the marital estate or assets 50/50. Sometimes there are allegations that a party has hidden monies and other assets of the marriage that has to be divided. There is a rule that the division of the marital estate cannot exceed its entire value.1
This means that if the total value of the marital estate is a liquid sum of $100,000, and the court follows the presumption, each party would receive ... Read More
06
Sep2012
One crucial task during a dissolution proceeding is to determine the assets and liabilities for the parties to divide and to determine how same will be divided. The general statutory rule is that the Court will presume the parties shall divide all assets and liabilities equally (50/50)1.
The other companion general rule is that a party may not dissipate (hide or spend) assets during the pendency of a dissolution proceeding. If assets are dissipated, this can be used as evidence in Court that the marital assets should not be equally divided.
However, how does one party prove that the other is hiding ... Read More
22
Jul2011
"What can I do and explain my rights if my spouse has been hiding funds preparing for a divorce or wasting marital assets on gambling, drugs, or illicit relationships?"
Generally, missing or hidden assets, what is referred to as marital waste under formal legal terminology, should be attributed to the spouse who is acting improperly. Under the Indiana Divorce Act, a trial court is to presume an equal division of the marital estate is just and reasonable.
This said, a trial court may deviate from the equal presumption in cases of marital waste. For the most part, Ciyou & Dixon, P.C. advocates ... Read More