Is it illegal to hide money in a divorce?
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Is it illegal to hide money in a divorce?
Hiding assets during a divorce is sneaky, unethical and illegal – and it happens much more frequently than most women suspect. Many couples have complex financial portfolios. Not only can this be used to help determine alimony and child support, but it also serves as a tool to help detect hidden assets or income.
Are separate bank accounts considered marital property?
If you live in a community property state, anything acquired during the marriage — including the income used to fund those separate accounts — is considered “community property” and therefore belongs to both spouses. That’s not to say keeping some money in separate accounts is useless.
Why does the wife get the house in a divorce?
If that spouse takes specific steps to keep the house as a separate asset during the marriage, then he or she will get to keep the house in a divorce. If a spouse moves in and starts making contributions to paying the mortgage and the upkeep of the home, then the house can become a marital asset.
Will my husband regret divorcing?
That was many moons ago, and regret statistics are hard to come by. But more recent studies confirm that, indeed, between 32% and 50% of people do regret having made the move. These people wish they had worked harder at their relationships and stayed married. The exact percentages depend on who did the studies.
