Finding Wisconsin divorce assets

Finding Wisconsin divorce assets

Locating Wisconsin divorce assets is not usually as difficult as you may have heard.  Both spouses must make a full financial disclosure.   All assets, debts, income, and expense must be disclosed on the designated form.  These statements often form the basis for a judge’s decision on support and property division.  Therefore, they must be completed carefully.

It is never a good idea to hide income or assets from disclosure.  Usually, the other spouse has some idea of the finances.  Even if not, accurate disclosure can be forced through other formal methods.   Judges are always annoyed by a spouse who fails to give an accurate disclosure.  Judges have the authority to impose sanctions, including payment of the other spouse’s attorneys fees, on a spouse who hides assets.

Nevertheless, some spouses still try to hide assets.   In that case, the information can usually be obtained through written questions, formal requests for documents, or a subpoena.  By obtaining copies of bank statements, paystubs, debt accounts, etc.,  the full extent of assets and debts can usually be figured out.

You may have heard about spouses hiding Wisconsin divorce assets.   The truth is, most spouses disclose their finances without much dispute.  It is rather difficult to successfully hide Wisconsin divorce assets.  The formal discovery procedure is set up to favor full disclosure.   However, if you are concerned that your spouse is hiding assets, please contact me.

Published by David Kowalski

Attorney David Kowalski is the founding owner of Kowalski, Wilson & Vang, LLC, handling all family law cases from divorce, paternity, child custody, termination of parental rights, restraining orders, and guardianships.

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