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Austin Divorce Planners

Financial Advice in Austin, TX

Your Fresh Start Deserves a Fair Split
Located in Austin, TX
512-963-6883
512-963-6883
  • Home
  • About Us
  • Divorce Planning
    • Collaborative Divorce
    • For Women
    • For Men
    • For Couples
    • Why Divorce Planning
  • Financial Services
    • Financial Help
    • Pension Calculations
    • Child Support Calculation
    • Spousal Support Calculation
    • Post-Divorce
    • Budget Planning
    • Property Valuation
    • Divorce Loans
    • Resources
  • FAQs
  • Blog
  • Contact Us
You are here: Home / Blog / Overlooked Financial Issue During Divorce – Hiding Assets

Overlooked Financial Issue During Divorce – Hiding Assets

September 20, 2021 By Keith

Divorce is commonly seen as one of the most stressful experiences one will ever go through.  Along with all of that stress, you are also making financial decisions that will most likely affect the rest of your life and perhaps the lives of your children as well.  For that reason, it’s a good idea to get the advice of a Certified Divorce Financial Analyst™ or some other financial professional during your divorce process. 

Hiding Assets  (attempting to hide assets)

Guess what.  As divorce professionals, we have seen it all.  The judges too.   In this electronic age that we live in it’s next to impossible to hide assets, so it’s best not to even try.  Divorce attorneys are experts in knowing what opposing spouses will try to do in order to hide assets, and if they can find the hidden assets, they can easily hire a forensic accountant to find the assets.  

Remember this.  You are not the first one to get divorced.  You are not the first one to think that you can out smart your spouse’s attorney, and you are certainly not the first one to think that you have thought of something that has never been tried before.   Do yourself a favor and don’t even try.  Especially since most divorce decrees include a statement that awards any hidden assets, once discovered, become 100% the property of the other spouse.

Keith Powell, Certified Financial Planner® and Certified Divorce Financial Analyst​​™​
www.austindivorceplanners.com     kpowell@austindivorceplanners.com     512-963-6883

Securities offered through SCF Securities, Inc. • Member FINRA/SIPC • 155 E. Shaw Ave., Suite 102, Fresno, CA 93710 • 800.955.2517 • 559.456.6109 FAX. Investment advisory services offered through SCF Investment Advisors Inc. SCF Securities, Inc. and Austin Divorce Planners are independently owned and operated.  The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.  To determine what is appropriate for you, consult a qualified professional. 

Filed Under: Blog

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Reviews

Christy Morley
Christy Morley
2022-06-12
Keith Powell was easy to talk to and he explained things for me to understand easily.
Melissa Girtman
Melissa Girtman
2021-08-04
I found Keith Powell through my divorce attorney and Keith was an amazing resource for me during my settlement negotiations. Keith's role as a Certified Divorce Financial Planner, helped me to evaluate the financial arrangements my husband's attorney was proposing; and feel confident I would be able to support myself and pursue my new divorced life. I am a very visual person and the plan Keith presented enabled me to see how my retirement goals were protected and my budget planning contributed to my success. Highly recommend Keith!
ATX_HEX
ATX_HEX
2021-01-14
I found Keith through Google and his reviews were good, so it made sense to go through a divorce financial planner as a mediator instead of my now ex-wife and I both paying to hire lawyers. Keith was knowledgeable and helpful for the most part, but there were many things I had researched about asset allocations in a divorce he had never even heard of. Additionally Keith and his assistant sometimes took days to return phone calls or texts. The biggest issue I had was the lack of communication and organization. What should have been handled in 2 meetings ended up taking three because Keith failed to tell both my ex-wife and myself all documents needed for our second meeting, so we were forced to attend a third meeting to reach an agreement with our finances and my assets at his going rate of $195/hr. An unnecessary expense had Keith just told us what we needed to bring in the first place for our second meeting.
Josh Tollett
Josh Tollett
2019-08-27
Divorce is even harder if you don't have a good adviser to help you through the process. Highly recommend to help you with your needs.
Kimberly Chapman
Kimberly Chapman
2014-11-13
To Whom it May Concern: I have personally known Keith Powell for the last three years. I can vouch for Keith's honesty and integrity having had the personal benefit of Keith's help within the context of my dissolution in February 2013. In addition I can also vouch for Keith's knowledge of the law, and expertise when it comes to his ability to provide the services for which he is so retained, and the fiduciary responsibilities that he assumes on behalf of his client. I know without a doubt I would not have faired as well in my dissolution without the aid and expert advice of Keith Powell who I now call my friend. Kindest regards, Kimberly Ann Chapman

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