Any Good Ways to Hide Assets?

[Mysterious ManParticipant 337]

Chris1234 wrote:

F~~~ I love reading this stuff. It reinforces the fact that I will never be getting married. My married friends complain about no sex and then there’s the financial crap you have to deal with. Any male who reads these forums and still wants to get married needs to get their head examined!

Amen.

"Our virtues and our failings are inseparable, like force and matter. When they separate, man is no more." -Nikola Tesla

[Mysterious ManParticipant 337]

Anonymous wrote:

Here it all is, take your half, now f~~~ off.

I’m working through that very situation right now..

Sorry to hear that. Here’s hoping things improve for you soon.

"Our virtues and our failings are inseparable, like force and matter. When they separate, man is no more." -Nikola Tesla

[Mysterious ManParticipant 337]

CombatRoll wrote:

IMHO you can’t really protect major assets, ie 401(k), cars, house, IRAs and cash savings.

If you have time, you can start stockpiling cash in a safe place. I think this is least traceable and done in modest amounts can be done under the radar.

Here is my question: Does it make sense to rack up any debt of any sort? A thought that crossed my mind: Say you have a home you’ve been in for quite a while and have a lot of equity in. If you are planning to leave, would it be smart to buy a “rental” house, putting as little down on as possible? Then this becomes marital property (debt) and you will also have a place to live in when you leave that must be divided.

I’ve been smart with money and paid my house down a lot, while she has been an absolute f~~~ing financial retard and drain on $$. Why should I risk losing my house with all the equity and end up being in tiny apartment while she sits fat in the house I financed??

Thoughts??

I personally would let her take the house, but try to save as much money and wait until the divorce is over to get that rental property. It depends on if the house is in your name or as part of the marriage. Stockpiling cash in a safe or trust appears to be the best way to go. I would assume that any debt occurred would be split between you and your ex-wife, but given the way family courts are now, it wouldn’t be far off to say that any debt occurred on your side will remain on your side, plus any she may have occurred on her side. Unfortunately, the house is most likely to go your ex-wife, since she may be suffering from “emotional” damages. Best to keep a low profile and start looking; as others here have said, as long as you have the ability to earn money, you will be able to afford another house in no time.

"Our virtues and our failings are inseparable, like force and matter. When they separate, man is no more." -Nikola Tesla

[Mysterious ManParticipant 337]

JVB wrote:

Unless you’re paid cash, no IRS involved and don’t bank it the answer is no. Always gonna be a paper trail. Very skilled guys out there that know every trick in the book to nail you.

Thanks for the input. Better to avoid the system altogether.

"Our virtues and our failings are inseparable, like force and matter. When they separate, man is no more." -Nikola Tesla

[Won'tGetFooledAgainParticipant 3293]

I think the best thing to do is to be 100% honest and get it over and done with as quickly as possible. As has already been said, if the courts think you are trying to hide anything they are going to f~~~ you over when it comes to court.

Make sure it is a full and final settlement so she can’t come after you for more at a later date. Remember, you can always make more money and you will be amazed how quickly you can rebuild your finances when you haven’t got a nagging bitch spending all your money.

I hope this advice stops at least one man marrying, divorce is the one thing that can totally f~~~ up your finances and the rest of your life and you have at least a 50% chance of it happening to you.

Nearly 3 and a half years since I split with my ex-wife and things finally seem to be falling into place. I have been in full money hoarding mode for the last 3 years and I am currently in the process of buying a house. Once that is complete I can stop constantly worrying about not being on the property ladder and continue to hoard money so I can hopefully prepare for my retirement.

Ex bitch on the other hand is about 65% more in debt than when we split and seems to think her new wallet has a limitless supply of money (debt more like). I am playing the long game, even though she got the house I think it will be another couple of years before I am better off than her and the gap will just keep getting wider and wider.

I think if I had never got married I would have a fully paid for house about now and would be looking at retiring in 10 years or so. I suspect getting married means I will be working 10 to 15 years longer than I needed to.

For women, everything eventually boils down to Alpha Fucks, Beta Bucks.

[Mysterious ManParticipant 337]

Won'tGetFooledAgain wrote:

I think the best thing to do is to be 100% honest and get it over and done with as quickly as possible. As has already been said, if the courts think you are trying to hide anything they are going to f~~~ you over when it comes to court.

Make sure it is a full and final settlement so she can’t come after you for more at a later date. Remember, you can always make more money and you will be amazed how quickly you can rebuild your finances when you haven’t got a nagging bitch spending all your money.

I hope this advice stops at least one man marrying, divorce is the one thing that can totally f~~~ up your finances and the rest of your life and you have at least a 50% chance of it happening to you.

Nearly 3 and a half years since I split with my ex-wife and things finally seem to be falling into place. I have been in full money hoarding mode for the last 3 years and I am currently in the process of buying a house. Once that is complete I can stop constantly worrying about not being on the property ladder and continue to hoard money so I can hopefully prepare for my retirement.

Ex bitch on the other hand is about 65% more in debt than when we split and seems to think her new wallet has a limitless supply of money (debt more like). I am playing the long game, even though she got the house I think it will be another couple of years before I am better off than her and the gap will just keep getting wider and wider.

I think if I had never got married I would have a fully paid for house about now and would be looking at retiring in 10 years or so. I suspect getting married means I will be working 10 to 15 years longer than I needed to.

Great job, friend. Here’s hoping things keep up for you.

"Our virtues and our failings are inseparable, like force and matter. When they separate, man is no more." -Nikola Tesla

[CardinalParticipant 82]

Swiss numbers account.

Heard about it years back, but not sure what its like now.

[Author]

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