Long Term Strategy To Protect Oneself

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Re: Long Term Strategy To Protect Oneself

Unread postby afc » Fri Apr 21, 2017 12:21 pm

They might be feasible but most sure as hell arent _legal_ .

And we don't advocate illegal here.
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Re: Long Term Strategy To Protect Oneself

Unread postby Tom Kirkpatrick » Fri Apr 21, 2017 1:11 pm

Mtg1+ wrote:So, none of the suggestions I made regarding financial strategies are feasible or recommended?
It's not that your strategies aren't feasible. It's that when (not if) you get caught you'll be screwed - in more ways than one.

In this game, the last thing you want is a pissed off judge.

Like football, family court is a game of inches. A John Madden strategy
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Re: Long Term Strategy To Protect Oneself

Unread postby spritom » Fri Apr 21, 2017 2:04 pm

Here's some articles on it:

Legal Zoom (Johnny Cochran's company...he was an attorney on the OJ Simpson case)
http://info.legalzoom.com/penalty-hidin ... 24234.html

C&C article on it

NOLO (started by ex-1960's Berkeley hippies)
http://www.nolo.com/legal-encyclopedia/ ... 29968.html

Basics are the same:
* All assets should be declared to be looked at by the court process
* Using the laws of the state, then only a percentage of the assets would be considered "on the table" for split (this is where it really pays to know the state's details on it...and/or have an attorney that's good with this part)

Doing a transfer/loan/etc. to a relative, friend, or whatever...that's considered fraud.
I haven't personally heard of a case where criminal charges are brought forward by somebody trying it, but I've heard of several situations where a person got fried in family court (money-wise) for trying it.
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Re: Long Term Strategy To Protect Oneself

Unread postby Chaos » Fri Apr 21, 2017 4:12 pm

Seems like someone on this board is currently dealing with the consequence of transferring money to family out of the country prior to the divorce filing. That person did so with his wife's knowledge, but because he can't prove she knew and consented, he's looking at potentially paying her back quite a bit of money.
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Re: Long Term Strategy To Protect Oneself

Unread postby JimRockford » Fri Apr 21, 2017 4:25 pm

First of all, as said previously, we do not advocate anything illegal. From what you have posted, that if you were to get caught, that between legal fees and sanctions, you very well would end up with next to nothing and a judge that no longer trusts anything you put forth. Priceless!

While she may not on her own hire a forensic accountant, a good attorney will recommend she hire one.
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Re: Long Term Strategy To Protect Oneself

Unread postby Fatheroffour » Fri Apr 21, 2017 4:34 pm

Also, fraud opens the option to reopen the divorce after its been settled.
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Re: Long Term Strategy To Protect Oneself

Unread postby MegaDad » Sat Apr 22, 2017 9:43 am


Divorce can be expensive, especially if you have a high net worth. You REALLY do not want to go down the rabbit hole of trying to hide money. You might not think she is entitled to much, but sometimes the cost of doing business is to just rip off the Band-Aid and take the hit and not be financially entangled with her any longer.
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