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Original poster

Secret savings and divorce

104 replies

Blueberry6 · 01/06/2022 11:44

Hi all,

seems like my marriage is heading towards a divorce. I have some money saved in an account he does not know about. I saved it before marriage and kept it there for rainy days. I just read I have to declare everything. Will he get half of my savings? I can try and get bank statements to show I had it before marriage and not during. So technically nothing to do with him?

OP posts:
Skinterior · 01/06/2022 16:10

Depending on how much money is at stake you'd be surprised what can be found

Original poster
Blueberry6 · 01/06/2022 16:11

@Skinterior we have lawyer relative so hoping it won’t cost as much 🤣 joke aside such a terrible situation to be in.

OP posts:
Original poster
Blueberry6 · 01/06/2022 16:11

True that. Need to think this through

OP posts:

Interested in this thread?

Then you might like threads about these subjects:

General money Relationship problems
caringcarer · 01/06/2022 16:46

I had a lump sum £2k my Dad gave me about a year before he died. He was ill at time and I did not mention it as I thought he might need it back. I did not put in bank but asked my sister to look after it for me as my marriage was not going well. 14 months later I found he had cheated on me and divorced him. I did not declare money held by my sister as o found he had spent a lot of money from our joint business on a watch for another woman. After divorce finalised my sister quietly handed me back £2k which I used along with other money I was awarded from judge for deposit on house for me and kids. Never leave a paper trail.

Bopahula · 01/06/2022 16:51

Open an account in your daughters name with you as the signatory and move it into there before it all kicks off.
nothing to declare then as your account is empty.

Original poster
Blueberry6 · 01/06/2022 17:17

@caringcarer aw thanks for that. Just a bit too large to keep anywhere or give anyone to look after.

@Bopahula will get that done tomorrow. Thanks

OP posts:
PaddingtonBearStareAgain · 01/06/2022 17:18

Bopahula · 01/06/2022 16:51

Open an account in your daughters name with you as the signatory and move it into there before it all kicks off.
nothing to declare then as your account is empty.

You have to declare childrens accounts.

Bopahula · 01/06/2022 17:23

Oh bugger.

I'd take the lot out and give it to someone for safe keeping then.

Intrigueddotcom · 01/06/2022 17:31

I did. About £10k

so pleased i did

ToffeeNotCoffee · 01/06/2022 17:32

Get divorced in Scotland. Only assets amassed during the marriage are split.

LuluBlakey1 · 01/06/2022 17:34

Could you transfer the account to your mum who would transfer it back to you afterwards?

Thripp · 01/06/2022 17:39

You absolutely can't:

set up a children's account now

transfer it to your mum/sister/dog

keep the accound not mention it

The only thing you could possibly do is withdraw the money asap, close the account, and keep it in cash. Though this is morally dubious, you may have good reason for doing so.

My XH tried to hide money and did not get away with it.

Soontobe60 · 01/06/2022 17:42

Oceanus · 01/06/2022 14:50

I don't think you want to leave a paper trail. Moving the money to another account would potentially be flagged. You need to stash the actual money (safely and without telling a soul about it, not even very close friends/relatives) or convert it to sth that can either be hidden or disguised easily, that will always accrue in value and that you can easily convert back to cash in the future without much hassle e.g. gold bars, Chanel handbags, Hermés handbags, etc.

Would you give a man in the same position the same advice?

PaddingtonBearStareAgain · 01/06/2022 17:47

Thripp · 01/06/2022 17:39

You absolutely can't:

set up a children's account now

transfer it to your mum/sister/dog

keep the accound not mention it

The only thing you could possibly do is withdraw the money asap, close the account, and keep it in cash. Though this is morally dubious, you may have good reason for doing so.

My XH tried to hide money and did not get away with it.

Exactly. OP would you be happy if your H did tge same?

DesignerRecliner · 01/06/2022 17:48

Buy something like a Rolex watch (second hand from a reputable dealer) and wait a couple of months before starting proceedings. Sell the watch when it's all done

MarvellousMay · 01/06/2022 17:48

I may have known someone who did this definitely wasn’t me.
Certain the other person didn’t know. It was cash inherited before meeting the other person. Never declared it on any of the forms. Didn’t touch it during the divorce or for some time after. Got away with it. If it ever had been discovered they would have pleaded ignorance “totally forgot about that money” sort of thing and crossed their fingers.
As it was the other person never found out.

JanglyBeads · 01/06/2022 18:07

If it's money you need eg for the deposit on a home for you and DC, and it's just a question of you not wanting to alert him to anything too early by using joint funds, it's fine to use it, but it might be taken into account in the final reckoning.

PaddingtonBearStareAgain · 01/06/2022 18:11

Soontobe60 · 01/06/2022 17:42

Would you give a man in the same position the same advice?

Show quote history

Exactly. Looking forward to posters saying the same on other threads when a man wants to do it in some way.

Oceanus · 01/06/2022 22:21

@Soontobe60 and @PaddingtonBearStareAgain I'd give the same advice to whomever will take on the brunt of raising/educating the children and to whomever is in the most vulnerable position. Whoever gets the kid will need the cash the most and will likely put it to better use. Raising kids is expensive. Taking the kid to the movies every other weekend isn't the same as making sure they have food, clean clothes and get to school on time. Also, go ahead and shoot me, but in my opinion, going forward a woman with a young child will likely be in a much more vulnerable position than a man would in the same situation.

JanePanface · 01/06/2022 22:41

It's a bit shocking that so many people think it's okay to hide assets. It really isn't, OP. A man would rightly have his arse handed to him on here if he suggested it.

GarageGalore · 01/06/2022 22:55

My ex did this, courts don't investigate too closely, only if you are a massive (think billionaire) earner. Don't tell your solicitor, don't tell anyone, close the account and disappear the money. Also they don't ask for credit card statements just banks, so you can rack up huge amounts on credit card (how it is spent is not checked) and legitimately pay for it from your bank account and nothing you can do about it. This is what.my ex did and there are male forums that go into details about withdrawing cash which again is not questioned and 'disappearing it' before anyone has a go at me.

notacooldad · 02/06/2022 10:58

A man would rightly have his arse handed to him on here if he suggested it
He would if he was daft enough to post on MN.
However if he was on a Male dominated site or with his mates they will be telling him how to hide things for sure.

PaddingtonBearStareAgain · 02/06/2022 11:00

courts don't investigate too closely,

They certainly can do.

coodawoodashooda · 02/06/2022 11:00

Onemoresleeptogonow · 01/06/2022 11:48

Imo spend it. On things you can sell at a later stage.

This.

Jubileeeeeeee · 02/06/2022 11:29

I would either buy something such as a Chanel bag that will keep its value or spend it on myself such as dentistry.