What are the odds (discovery)?

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What are the odds (discovery)?

Unread postby BlueCyborg » Fri Feb 03, 2017 12:49 pm

That STBX would be able to "find" a trust find that I manage and has it's own tax id number?
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Re: What are the odds (discovery)?

Unread postby BartSimpson » Fri Feb 03, 2017 12:51 pm

Odds are good, if not excellent.

I was there, I saw the whole thing! What happened?
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Re: What are the odds (discovery)?

Unread postby afc » Fri Feb 03, 2017 1:00 pm

We have no idea how good you are at hiding money, that is something you will need to assess on your own.

Odds on how screwed you will be should the judge find out you are hiding money? Such...such good odds.
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Re: What are the odds (discovery)?

Unread postby BlueCyborg » Fri Feb 03, 2017 1:07 pm

Hmm, I thought it would be quite difficult.....

So I guess you would recommend reducing amount of funds in the account and being honest by reporting it on the disclosure form?
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Re: What are the odds (discovery)?

Unread postby BartSimpson » Fri Feb 03, 2017 2:18 pm

A process that is part of divorce, known as Discovery, will require you to disclose it.

It may not be part of the marital asset - who set up the trust?
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Re: What are the odds (discovery)?

Unread postby Bohica_2017 » Tue Feb 14, 2017 12:47 am

I'd guess it gets tricky if it's been "actively managed" during the marriage. Earnings could be considered marital. Especially if there was any (marital) cash contributions to the fund.

I've got a brokerage acct, an old company DRP - both pre-marital, no "marital funds" added to these accts during the duration, and not actively managed in any way - all passive. Agreed (thru mediation) these were pre-marital, and not to be split. But these were also all disclosed.
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