One of the biggest issues that will be determined in a divorce is the division of assets between spouses. For this reason, having accurate and truthful information about your spouse’s income and the rest of their assets is vital to ensuring that you receive a fair share according to the terms of the law.
If your spouse is hiding assets, it can impact what you receive in a divorce and add to the already significant stress of divorce. An experienced Wisconsin divorce law attorney can work on your behalf to ensure that your spouse does not get away with hiding any income or assets in the divorce.
What Does Wisconsin Law Say About Hiding Assets in Divorce?
Wisconsin is a community property state, meaning that any income earned by one spouse during marriage is owned by both spouses. During a divorce, a court will aim to divide the marital assets, income, and debt of the spouses equally. Wisconsin requires that spouses fully disclose their assets, and hiding assets in divorce is against the law.