Divorce can be contentious, even when both sides are honest with each other. Matters can truly derail, however, when one person decides to hide assets from the other to avoid splitting the property in the divorce. When you go through a divorce in New Jersey, each person must provide an honest accounting of their marital assets to calculate the appropriate division of property. It should be noted that marital assets are subject to division, and in New Jersey, they include:
- Assets acquired during the marriage
- Gifts given by one spouse to another
Non-marital assets in New Jersey, on the other hand, might include:
- Assets acquired before the marriage
- Gifts given to one spouse by a third party
- Assets inherited by only one party
- Assets purchased with income clearly earned prior to the marriage
Of course, there is nuance in determining what will ultimately qualify as marital or non-marital property, and you should always discuss these nuances with an experienced New Jersey family law attorney.
Crypto and NFTs Can be Difficult to Trace During Divorce
Notoriously, cryptocurrencies and nonfungible tokens (NFTs) are difficult to trace. In fact, this discretion can be part of their appeal. If you suspect the person you're divorcing is hiding digital asset investments, you may need to dig pretty deep to determine what you're entitled to.
With the help of your attorney, you can petition the New Jersey family law court to order a subpoena that will compel your ex to produce computer records and accounts attached to cryptocurrency wallets. While digital assets aren't always easy to track down, these assets aren't entirely anonymous.
Proving hidden crypto assets during a divorce can be a lengthy and tedious endeavor, and sometimes the investigation requires expert testimony and a thorough examination of bank statements, financial documents, emails, tax returns, and so on. Still, if you're ex is intentionally hiding marital assets you're entitled to, then they will probably be on the hook for paying the expenses of this in-depth investigation.
Hiding Assets During a Divorce is a Crime in New Jersey
Some individuals going through a divorce are tempted to hide assets, so they don't have to split the property with their ex. Not only is this practice dishonest, but it's also illegal. Hiding property that a spouse would be entitled to constitutes fraud, and could result in jail time, fines, and a host of other headaches. If you suspect the person you're divorcing is hiding marital property from you, you should advise your attorney so they can request the court to subpoena your ex.
Retain a New Jersey Family Law Attorney Right Away
If you suspect the person you're divorcing is hiding marital assets from you, you need to talk to an experienced divorce attorney in New Jersey. Family law attorney Joseph D. Lento has years of experience fiercely advocating on behalf of individuals whose exes are behaving dishonestly. To learn how the Lento Law Firm can help you, contact us online today or call 888-535-3686.