What are the consequences of hiding assets during divorce?
Table of Contents
What are the consequences of hiding assets during divorce?
If your spouse does not disclose sought after documents as required by the Court Rules, they may be faced with a Court Order at a later date precluding them from being able to rely on it or worse may be found to be in contempt of Court and ordered to pay be ordered to pay costs and, worst of all, their case may be …
Is it illegal to hide assets 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.
What do you have to disclose in a divorce?
As a starting point, under Family Law Rules you and your former spouse must disclose to each other: (a) Your income and any other benefits you receive from your employment, including income that is paid to another party, person or legal entity such as a trust or company.
