How do I hide assets in a divorce?
Table of Contents
How do I hide assets in a divorce?
Common ways spouses hide assets during divorcesDelaying earnings. For instance, maybe your spouse runs a business and has a $250,000 deal in the works. Paying too much. Your spouse could pay too much in taxes, for example, or for some other major purchase. Giving it away. Simply claiming they forgot about various accounts.
Is it possible to hide money during a divorce?
Hiding funds during a divorce is a morally objectionable and highly illegal practice. That doesn’t mean people don’t try. Ask any divorce lawyer and they’ll tell you that hiding money is never, ever, the right move.
How are any assets held overseas treated in a divorce?
Getting divorced can be a very stressful process and can be especially so if there is the added complication of overseas property or other international assets. Assets such as property that are held overseas can be treated like any other asset in a divorce and considered for financial settlement.
