The Expert Podcast

• It's been quite a week for calls from clients. Today, we're diving into some developing trends regarding hidden assets and fraud against clients.

• Concealment of assets in legal cases, including family law, probate, divorce, child support, and litigation, is on the rise.
• Various methods of asset concealment are emerging, often attempted by amateur hiders.

• In divorce cases, individuals are moving funds out of shared accounts before settlements, aiming to retain a larger portion for themselves.
• Similarly, in probate cases, heirs are hiding assets to prevent fair distribution among relatives.

• Quick claim deeds, cryptocurrency, trusts, and prepaid tax accounts are among the methods used for asset hiding.
• Transferring assets to another person's name is also a common tactic.

• Some attorneys advise clients to hide assets, believing they won't be discovered due to a lack of thorough asset searches.
• However, uncovering hidden assets can lead to legal consequences, including fines and repayment.

• Attorneys suggest thorough documentation and court filings to expose asset concealment and seek appropriate remedies.

• Hidden assets are becoming increasingly prevalent, but legal avenues exist to uncover and address such deception, ensuring fair outcomes in legal proceedings.