How do I take money out of a bank account and hide it before a divorce?
September 13th, 2009
I have accumulated a nice amount of assets simply by saving and investing. Some of it before I got married, some while married. Now I want to divorce but don’t want her to get half of the funds. We have a joint account that has a little bit of money that I don’t mind splitting with her, but my personal funds I want to hide. There are obviously records of what is in there today, and will be records of any withdrawals I make between now and the divorce. I was thinking about withdrawing the funds, purchasing gold or high valued coins, and storing them in a safety deposit box listed in my mother’s name. During the divorce will I be held accountable for funds that were once in my personal account but are now gone? Does anyone have a better idea on how to move the funds out of my accounts and out of the site of the divorce laywers? PS - she doesn’t know I am planning on divorcing her yet. I want to figure out this money thing first. Please help.
Entry Filed under: divorce
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1. Eggolas M | September 13th, 2009 at 1:19 pm
You want to figure out how to hide assets and there is a wealth of information on how to discover hidden assets:
http://www.msnbc.msn.com/id/9532502/
It will take time and preparation. If discovered …. well, let’s just say you’ll need some good legal advice.
One point though, assets owned prior to the marriage, if held separately, can be excluded from the division in many jurisdictions. It depends upon your state.
You will need legal counsel.
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