If your spouse hides assets during the divorce process, it is illegal. When a financial disclosure statement is filled out, one must sign it under oath. Therefore, lying on the financial disclosure statement is considered perjury under Wisconsin law. The Wisconsin Statutes specifically state, “complete disclosure of assets and debts is required by law and deliberate failure to provide complete disclosure constitutes perjury.”
Failure to identify or properly value one asset could result in a substantial financial loss as you emerge from your divorce. For guidance throughout the divorce process and aid in uncovering assets, contact Kowalski, Wilson & Vang, LLC.