While there is actually such a thing as an amicable divorce, too much of
what we see or may have experienced is a bitter, prolonged battle when
a couple splits. A lot of this contention stems from financial issues,
and frankly, not everyone may be playing fair. Sometimes, a spouse will
keep back full information about finances, so as to avoid making
support payments. One way this cover-up can happen is through one's line of work. Perhaps
a spouse has used deception about finances before. If so, you need to
be aware of further ways he or she could be concealing money.
Your spouse may defer some of his or her wages for as long as the
divorce takes. See if you can discover any documents that show your spouse asking
for this deferment. Also pay attention to see if his or her normal salary
has taken a sharp drop since divorce. Depending on the job, your spouse
might also have "perks", such as a company car, an expense account,
and more. If your spouse gets bonuses regularly, pay attention to see
if this norm is disrupted. It is possible that your spouse could defer
these payments as well. Some bonuses can be split up, with some of it
going into an account to collect interest.
Some employees get their business trips covered, and they can even be given
an allotment to take a spouse with them and spend a couple of extra days
past the time for business proceedings. If you did not go, then you could
find out if someone else did. Then there might also be further wages that
come from vacation time. If your spouse only spends half of his or her
vacation days, for example, he or she may be eligible for extra payments.
The same may go for sick and personal days.
You should also discover if your spouse has stock options. Employees often
get the opportunity to purchase stock for a lower price. If your spouse
has done so, then there may be a lot of money tied up in these stock options.
Your spouse may even have a country or health club covered by his or her job.
A spouse could always make a "loan", so as to appear indebted
and unable to support a spouse or child. This could mean taking a loan
from a friend, relative, employer, or co-worker that does not actually
have to be paid off. This fake loan is only meant as a way to increase
the debt column in one's divorce papers. An employer might pay your
spouse from the company's profits based on a percentage. You should
find out if your spouse is a partner or owner in the company, and would
thus have further salary and financial rewards.
These are just several of the ways a job can be used to cover up assets
in a divorce. Every situation is unique. To address your specific set
of concerns, it would be invaluable to consult a Long Island divorce attorney.
With experienced legal help on your side, you may be able to ensure that
a spouse gives full financial disclosure. Else, you may be able to take
legal action to discover hidden assets.
If you work with the Meyers Law Group, P.C., you could work with committed
professionals who are fully-versed in all divorce law, including its recent
changes. We are dedicated to helping our clients achieve results that
are both fair and optimal in a divorce. To find out what we could do for
you, please do not hesitate to
contact our Long Island divorce firm at your earliest convenience.