Hiding marital assets

| Mar 18, 2021 | Uncategorized |

Undergoing a divorce in Mississippi can be time-consuming and emotionally stressful. It may seem like there’s so much to go over. It’s easy to forget certain topics that you wanted to discuss. When it comes to accounting for marital assets, there are some assets that are commonly hidden during the divorce process that you should be aware of.

Pensions

Common for both state and federal workers to be offered a pension plan for retirement. However, some private employers do offer pension plans, and it’s important that you’re aware of whether or not your spouse has one. Since pensions can change due to a number of different factors, like the financial state of the company, it’s vital to get a professional pension valuation.

Military benefits

If you were married to a military man or woman, you’ve likely enjoyed the benefits that come along with their service. After your divorce, you may be entitled to some of the military benefits. In most cases, those who can keep their benefits after divorce are those that meet the 20-20-20 rule. The 20-20-20 rule states that you must have been married for at least 20 years, and during that 20 years, your spouse must have served the military for at least a period of 20 years.

Bitcoin or other cryptocurrencies

If you remember your spouse investing in Bitcoin or another type of cryptocurrency, you’ll need to take this into account for your divorce. It’s best to get your hands on stock certificates provided by major investment companies. However, Bitcoin and other cryptocurrencies can be bought through different outlets, so it can be more difficult to trace the value of their investment.

Going through a divorce requires a lot of time and patience. It’s important to take the time to consider all the assets that both you and your partner have brought to the table. The above are some hidden assets that you’ll want to take into consideration.