Not every spouse in Los Angeles acts fairly in a divorce. Sometimes, out of greed or spite, one spouse may try to hide assets to keep the other spouse from obtaining them during the property division process. This may be especially true when one spouse is self-employed as a small business owner. So, what signs should a person look out for if they believe their spouse is hiding assets?
Sometimes, a couple would enjoy a very comfortable lifestyle while married, only to have one spouse suddenly claim that they have experienced a significant loss of income. One sign that this is taking place is if their personal expenses are being paid for by their business. By doing so, they won't be receiving a paycheck, allowing them to claim that they have not earned any income. Similarly, this can make it look like the business is not profitable, which could affect its value for property division purposes.