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cash assets

(11 Posts)
ohgeezus34 Fri 13-Sep-19 16:33:01

I have been accruing a runaway fund at the urging of my DM for the past decade. Both me and DP work, equal split with caring for DCs housework etc. I have been doing this by drawing out money every week for work food etc then skimming a tenner and stashing it. My statements show no large withdrawals of any kind or excessive small withdrawals that would be hard to explain.

After 11 years, looks like marriage is on the verge of collapsing. I have seen talk of Form E here and on other sites. My money is cash, no paper trail. Not sure if the financial split would go my way, I earn a bit more and DCs are mid/late teens. Is there any way anyone could discover this cash other than by finding it or it suddenly appearing in an account?

Practicalities not moralities please, I'm sure plenty of you have your own funds

OP’s posts: |
NotSuchASmugMarriedNow1 Fri 13-Sep-19 18:42:49

They will know because it will have to be declared on the Form E.

AbbieLexie Fri 13-Sep-19 18:49:37

Why does anyone need to know? Is it in a safe place?

EskewedBeef Fri 13-Sep-19 18:54:50

It's accounted for already as everyday expenditure, so nobody will be looking for it. How will you go about changing the defunct notes for new ones though?

NotSuchASmugMarriedNow1 Fri 13-Sep-19 18:55:33

Why does anyone need to know?

So that there is transparency over the marital assets and that people can come to an agreement about how to split the assets. And if the couple can't agree, then the courts decide.

Message deleted by MNHQ. Here's a link to our Talk Guidelines.

I've reported this thread, as I would hope that Mumsnet doesn't see its role as providing people witb advice on how to successfully break the law.

Palaver1 Sat 14-Sep-19 06:56:55

Your mother has given very bad advice shocking that from start one you willed your marriage to fail.

stucknoue Sat 14-Sep-19 07:28:47

Depends on how your divorce proceeds, we are not bothering with form e etc, just filing online saying we have come to arrangements ourselves (the downside is the court will not enforce our arrangements unless we go back to court but there's specific reasons I do not want to seal our joint finances). I'm keeping the money I bothered to save at his suggestion, he could have saved but chose to drink take away coffees!

notworththesqueeze Wed 18-Sep-19 13:16:24

Right, so if accrued in a way that falls within day to day spending over a number of years, held in cash and therefore no paper trail beyond cash machine withdrawals of small amounts that are in line with day to day expenses, it relies on the person declaring it.

It could then be used over time for cash purchases such as food, fuel and goods to mean the money is in essence invisible to anyone checking.

This does sound like a good idea. Lots of people will criticize I'm sure, but having that buffer is no bad thing. Surely your partner could be doing the same with his disposable income, if it doesn't impact on the family unit then you do what you wish with it. I think if its taken you a decade to accrue it it shows it wasn't an easy crutch to get out of a relationship fast.

sandyvacancy Wed 18-Sep-19 13:44:51

@stucknoue would a judge allow that? We’ve been told they always want to ensure that the financials benefit children first so will ask to see agreements

In answer to original question the only way to do this is by breaking the law.

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