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Wakenight & Associates, P.C.

1100 Lake Street, Suite 120, Oak Park, IL 60301

DuPage County | 630-852-9700

Mokena | 815-727-6144   Oak Park | 708-848-3159

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DuPage County Divorce Lawyers for Hidden Assets

Hinsdale Hidden Income Attorneys

Lawyers for Finding Concealed Income in Oak Brook, Hinsdale and Clarendon Hills

At Wakenight & Associates, P.C., we know that a divorce will almost always have its share of contentious issues. In some cases, the divorcing spouses may have trouble reaching an agreement regarding parenting time or parental responsibilities. For other couples, figuring out how marital property will be divided is particularly challenging. Sometimes, one spouse may even attempt to hide income and assets to keep them from being divided during the divorce.

If you are concerned that your spouse has not been honest about his or her financial situation, the skilled attorneys at our firm are ready and willing to help. With more than 95 years of combined family law experience, we can help you manage the avalanche of personal, emotional, logistical, financial, and legal concerns associated with hidden assets in a divorce. Our lawyers will work with you to ensure that your rights and best interests are fully protected throughout the process.

Hidden Assets in a DuPage County Divorce

Under Illinois law, each party in a divorce is entitled to receive an equitable share of the couple's marital property. Marital property includes the assets and debts that either spouse acquired during the marriage with certain exceptions. To begin this process, each spouse is expected to complete a financial affidavit that lists all of his or her sources of income, as well as any assets of value. Unfortunately, it is not uncommon for a spouse to leave assets or revenue sources off of the affidavit in the hope of keeping the assets and income away from the other party. Hiding assets and income may be especially tempting for individuals who own businesses or manage complex investments.

While hidden assets or income can affect the property division process, there are other aspects of the divorce that can also be affected. Orders for spousal support and child support are typically determined using the income of both spouses. If one spouse hides income sources, the calculations for support will be incorrect.

Addison Lawyers for Finding Concealed Assets and Income

It is rare for hidden assets to stay hidden, especially in light of computerized financial records. Financial professionals known as forensic accountants are specially trained to identify problems and inconsistencies in financial affidavits and account statements. At Wakenight & Associates, P.C., we maintain a trusted network of forensic accountants to help us find hidden assets and sources of income so that the assets can be considered during a divorce. A forensic accountant will review tax returns, business records, investment records, bank statements, receipts, and other documents to develop an accurate assessment of a spouse's finances. If money seems to be missing or otherwise underreported, our lawyers will help you determine the best course of action for addressing the problem.

Get the Help You Need Today

If you are concerned that your spouse is hiding assets or being deceptive about money, contact our office. Call 630-852-9700 for a free consultation and case review at any of our three convenient locations. Our attorneys represent clients in Elmhurst, Oak Brook, Lombard, La Grange, Addison, Villa Park, Hinsdale, Wood Dale, Burr Ridge, Kane County, DuPage County, and the surrounding areas.

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