When your spouse has been arrested and charged with a white-collar crime, you may be unsure of how to respond. Should you stand by and support them during a time when they clearly need support? Or are you completely distraught by what your partner has been accused of, and ready to turn your back on this devastating time in your life?
But as the spouse, you may also face considerable penalties. Make sure you take steps to protect yourself and your future. First, take a closer look at some of the consequences you might experience if your spouse has been accused of a white-collar crime. Then, schedule your risk-free case review with Kirk Drennan Law to find out what your legal options are. Call us at (205) 803-3500 today.
Your Assets Are at Risk
One of the most important consequences you need to be prepared for if your spouse has been accused of a white-collar crime is the fact that your assets are at risk. As soon as an investigation is opened up into your spouse’s alleged criminal activity, it puts your assets at risk for being seized. Some of the most common types of assets that could be at risk if your spouse has been accused of a white-collar crime include:
- Checking and savings accounts
- Your home
- Your vehicles
- Your home furnishings
- Other real estate
- Valuable artwork
- Expensive pieces of jewelry
Your spouse does not even need to have formal charges filed against them before having your assets frozen and or seized. It is not unusual in instances where a person has been convicted of a white-collar crime for their assets to be sold and the funds raised are paid to the victims as a form of restitution.
Since your marital assets are jointly held, this means that you are at risk for having your assets seized or frozen as well. There are specific steps that you can take to protect yourself in the event that your spouse has been charged with a white-collar crime. An experienced attorney can help you explore which options are going to be the best fit for you and your family.
Sadly, you may have no other choice but to suffer the consequences of filing for divorce after your spouse has been charged or convicted of a white-collar crime. Now is the time for you to be thinking about your future and how to best protect yourself and your family. Alabama is an equitable distribution state. This means that your marital property, assets, and deaths should be divided fairly in your divorce.
The Impact of a Conviction on Your Marriage
In addition to facing considerable fines and jail time if your spouse is convicted of a white-collar crime, they may also be ordered to pay restitution to the victims of their crime. As part of the state’s investigation against your spouse, they may freeze your assets and other funds. This could put you in a dire financial situation if you are not careful. This may make it difficult for you to continue to support yourself and your family while your spouse is dealing with the criminal consequences of their charge.
But you may be able to take action to protect yourself and your family. As soon as you become aware of a potential Investigation or charges against your spouse for embezzlement, it is critical that you reach out to an attorney.
Get Help from an Experienced Birmingham Attorney Today
When your spouse has been charged with embezzlement, you may need to take a strong stand to protect your future. Explore your legal options further when you contact a seasoned attorney at Kirk Drennan Law. Schedule your risk-free case review by calling our office at (205) 803-3500 or completing our convenient contact form.