When you’re dividing your property, you have to think of all your assets. It’s not enough to think that you have everything but to be unsure. If you don’t disclose assets during your divorce, you could get into deep trouble. If you forget to look for certain assets, you could miss out on claiming your shared portion.
Most people going through a divorce haven’t been through this before, so it’s important to figure out how to locate all your assets. You have a few options.
How can you find all of your assets?
The first is to list out all the assets that you know you have. For example, you can list out:
- Retirement account assets
- Bank account holdings
- Artwork in the home
- Your home or real estate
Once you find all the assets you can think of, it’s time to speak with a forensic accountant and your attorney.
A forensic accountant can help find assets you may not be aware of or that you’ve forgotten about. Your attorney can also help by reminding you of common assets that you may have in your possession.
While many people think that turning to a forensic accountant means you’re trying to catch your spouse in a lie or find assets they’re hiding, the truth is that a forensic accountant can be a great help if you both have assets that you forgot about or misplaced.
Your attorney can talk to you more about finding your missing assets, so you can begin dividing them between yourselves and move forward with your divorce.