What Are Hidden Assets?
Hidden assets are financial assets such as stocks, bonds, or bank accounts that are not properly disclosed in normal accounting situations. Generally, assets are hidden as a means of providing the owner with some sort of financial security that is not readily apparent to those who do have access to the other assets of the owner. Once of the most common reasons for the creation of hidden assets is the attempt of one or both parties in a divorce action to funnel money and other resources into hidden accounts, effectively keeping those assets from being considered when the couple’s holdings are divided in the divorce settlement. Uncovering hidden assets can sometimes be very difficult. People with expertise in following small but significant clues can often track down assets that have been secreted in offshore accounts or other locations. This can be especially important in situations where a marriage or some type of business partnership is being dissolved, since both parties may actually
