Over the past decades, there has been shift from traditional wage based compensation to more multifaceted compensation packages. Such complex compensation packages are particularly common for highly compensated employees or those in executive or leadership roles. In turn, it is not uncommon for a spouse to be uncertain of his long-term partner’s yearly income. When an individual’s income is difficult to ascertain, a spouse may be at risk from having certain marital assets unfairly concealed during a divorce proceeding.
Issues with hidden assets also tend to appear in post-divorce proceedings such as when one party initiates legal proceedings to modify a divorce judgment or hold the other party in contempt for violating the rules of a divorce judgment. At this stage when parties have become ex-spouses, they now often live in separate households and have been exposed to different economic opportunities then when married. In cases like those seeking Modification of a child or spousal support order or judgment, it is crucial to have a clear understanding of finances involved.
The team at Cervizzi & Associates can guide clients through the discovery process to help them gather information that yeilds a more accurate picture of the other party’s finances. Conducting such successful discovery can enable clients to reach a more fair settlement in divorce and post-divorce financial proceedings.
At 978-276-0777 or contact us online to schedule a consultation with a family law attorney.