Omitted Property Items
Definition:
Property includes real property, personal property, stocks, bank accounts, 401Ks, vehicles and retirement accounts. During a divorce, there are required forms that need to be filed that includes debts, along with a list that discloses what assets each spouse has. When a spouse hides assets, it is regarded as omitted property items.
Consequences of Omitted Property Items:
During a divorce, laws require that spouses fully disclose their assets and liabilities, so that marital property can be divided fairly. There are several strategies for discovery of omitted property items, including written interrogatories, using power of the subpoena, oral testimony, or hiring a private investigator.What a Lawyer can do for you:
A family lawyer can ensure that all assets and debts are divided fairly during the divorce process. When one spouse has omitted property items, a family lawyer can help the other spouse get half to all of the omitted assets back.Lawyer Referral Service:
If you believe your spouse has omitted property items in the terms of your divorce, contact Attorney Search Network today. Attorney Search Network can help you find a family lawyer who can help you handle complicated legal issues and omitted property items.If you have any questions about the information
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