What Assets Should be Disclosed During Divorce and what are the Consequences for Non-disclosure?
What Assets Should be Disclosed During Divorce and what are the Consequences for Non-disclosure?
In short, disclose all assets. The best reason for this is that the consequences for non-disclosure are onerous, including forfeiture of the entirety of the asset concerned. Non-disclosure amounts to “fraud, malice, and oppression, and a breach of fiduciary duty” justifying complete forfeiture under the California Family Code. Contact a Family Law attorney at Sagaria Law today to schedule a free initial consultation and learn more.
In short, disclose all assets. The best reason for this is that the consequences for non-disclosure are onerous, including forfeiture of the entirety of the asset concerned. Non-disclosure amounts to “fraud, malice, and oppression, and a breach of fiduciary duty” justifying complete forfeiture under the California Family Code. Contact a Family Law attorney at Sagaria Law today to schedule a free initial consultation and learn more.