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Explanation of why hidden assets are a concern in legal and financial matters: Hidden assets are a major concern in legal and financial matters for several reasons. Firstly, hidden assets can be used to defraud creditors, evade taxes, or conceal illegal activities. By uncovering these hidden assets, forensic accountants can help ensure that individuals or organizations are held accountable for their financial obligations and prevent them from benefiting from their illicit activities. Secondly, hidden assets can impact the outcome of legal disputes, such as divorce proceedings or business disputes. By accurately assessing the value of hidden assets, forensic accountants can help ensure a fair distribution of assets and prevent one party from being disadvantaged. Lastly, hidden assets can have significant financial implications, both for individuals and organizations. By identifying and recovering hidden assets, forensic accountants can help recover funds that may have been wrongfully obtained or misappropriated, thereby mitigating financial losses.