Uncovering Hidden Assets During a Divorce for Child Support

Divorce proceedings can be complex, particularly when it comes to determining child support. As a child, it is not your job to find hidden assets; this is something your mother should handle. Judges typically discourage the involvement of children in such matters as it is unfair and may complicate the process. If you are looking for ways to save your marriage, there are resources available that can help. For example, a tutorial that has assisted over 6,000 couples in preventing divorces is highly recommended. Using such tools can significantly improve your relationship, even if you are the only one seeking to save it.

Ways to Uncover Hidden Assets

There are two primary methods for uncovering hidden assets during a divorce: a lifestyle analysis and subpoenaing business records.

Lifestyle Analysis

Lifestyle analysis involves a detailed examination of a party's spending habits and financial records. In New York, both parties are required to submit an affidavit disclosing their income, expenses, and assets. By comparing a person's reported income with their actual expenses, it often becomes evident whether they are underreporting their income. For example, if a person's expenses are significantly higher than their reported income, it raises suspicions of potential underreporting.

Subpoenaing Business Bank and Credit Card Records

Another effective method is to subpoena business bank and credit card records. This can reveal transactions and financial activities that may not be easily apparent from public records. Often, hidden assets are held in business accounts or are not reported as personal income.

Consulting an Attorney

When your mother is concerned about hidden assets, she should seek advice from a family law attorney. Legal professionals have the expertise to navigate the complexities of divorce proceedings and can provide guidance on the best course of action. They can also help secure the necessary evidence and documents to support child support claims.

Key Points to Remember

The involvement of children in financial matters during divorce is discouraged. Lifestyle analysis and subpoenaing business records are effective methods for uncovering hidden assets. Consulting a family law attorney is crucial for ensuring a fair and just resolution.

Remember, the process of uncovering hidden assets can be intricate and involves a significant amount of research and legal strategies. Your mother should engage a professional who can guide her through the process effectively. Your main focus should remain on your well-being and peace of mind, and not be burdened with the complexities of financial matters during a divorce.

If you are concerned about your parents’ financial situation, it is best to stay informed but not directly involved. Instead, support your mother by promoting a healthy and positive environment. Trust that she will do what is best for you and your family.