The article considers married people who attempt to hide income and financial assets from their spouses due to impending divorce litigation or for purposes such as extramarital affairs. The added difficulty those persons face in concealing assets due to the transparency of the Internet and social ...
Understand the Dangers of Purposely Hiding Assets Divorce can be a confusing and stressful time. It’s important, however, to avoid letting emotion take over, or to make rash decisions based on fear or revenge. If you’re found to be hiding assets from a spouse, you could face serious leg...
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and the distributions will be taxable. However, the amount of the RMD will be based on their anticipated lifetimes, so the taxable distributions will be relatively small. The money in the account
spouse had all his income going to an account you did not have access to, or, in some cases, knew nothing about, you are as responsible as him (or her, let’s not be sexist), for whatever the heck he’s doing with “his” money so you better know where it is and what he’s...
couple'sjoint tax returneven if only one of the spouses was legally liable for the debt. This can happen, for example, when one spouse owes child support. The responsibility for that debt is his alone, but his spouse will suffer—be "injured," in other words—when the IRS seizes the...
He tells people publicly how little he cares about money to justify his parsimonious ways. But in secret, he is money crazy. All he wants is more of it! Given our differences, I decided to get a divorce after 15 years of marriage. It was a tough call but I'm much happier to have...
(knowledge) of at least one of the parties. Hiding a voice-activated recorder in their car, gym bag, or even in your own home to try to catch him or her with their paramour is illegal. As tempting as it may be to find out the truth about what your spouse is doing in your ...
9. Money is unaccounted for One of the huge warning signs your spouse is hiding something from you is if he can’t account for the sudden loss of money in your accounts. This could be a sign that he (or she) has trouble with money, is secretly spending without your knowledge, or is...
If you suspect your spouse is hiding money, look for red flags When people are getting divorced,the often disagree on lots of things. Money is a frequent hot topic during the marriage, and it is a central argument in the divorce process. One party is often suspicious of the spouse, espec...