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How to handle a spouse hiding assets

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Michigan residents who are about to go through the divorce process may be bracing for the worst. It isn't uncommon to worry about a spouse hiding assets or taking other unsavory actions during this process. However, it is possible that a spouse is taking steps that a judge may frown upon. Therefore, it is a good idea to get as much information about marital assets as possible.

This may mean documenting the name of any financial institution listed on a letter or other correspondence. It may also mean taking notes about any communication that a person has with his or her spouse. Such evidence may be useful to legal counsel during settlement talks or a divorce trial. It is important to note that marital assets may be distributed in an equitable manner when a marriage ends.

This may mean that retirement accounts such as a 401(k) may be divided in the final divorce settlement. When a person is ready to get a divorce, it may be a good idea to talk with a mental health professional as well as a financial adviser if it is financially feasible to do so. This may help to ensure that an individual is making rational decisions during what may be a stressful time.

Having the assistance of an attorney may make it possible for an individual to navigate the divorce process in a less stressful manner. It may be possible to learn more about how assets are divided in a divorce. An attorney may be able to review prenuptial agreements to determine their validity.

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