Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

Legal matters

Mumsnet has not checked the qualifications of anyone posting here. If you have any legal concerns we suggest you consult a solicitor.

Possibly stupid question but how easy to hide assets in a divorce?

6 replies

amberedover · 05/03/2023 15:52

A & B married ,several children .A moved out though still has key and lets himself in to visit children when he fee;s like it .A has had a couple of new partners .

A comes from wealthy background ,father dead .Value of financial assets left in will seems small considering he was stockbroker .
A's mother getting older .Several years after moving out of marital home A suddenly anxious for divorce .
If A's mother dies and there are assets left to A ,say in a trust fund ,I presume B his wife will not be entitled to any share ?
Sorry if this post is v uninformed .

OP posts:
Icedlatteplease · 05/03/2023 15:54

As far as I understand if the trust is done right no B isnt

Icedlatteplease · 05/03/2023 15:57

Scratch that. It would entirely depend on the terms of the trust and intended beneficiary

Icedlatteplease · 05/03/2023 16:02

Sorry That was very unclear. A family member has a trust where the only beneficiaries are her direct descents. Wives girlfriends etc would not be included.

If the trust was written to included wives as a beneficiary that would ge a different matter

amberedover · 05/03/2023 16:49

Thanks .yes i guess will depend on what the trust says .I'm thinking there has to be a reason why the husband suddenly ,urgently wants a divorce .Maybe he wants to remarry .But I don't think it's that .

OP posts:
TizerorFizz · 06/03/2023 15:10

He can get a divorce. He doesn’t need a reason. No fault divorce means you just get on with it. Recently inherited money isn’t always taken into account. Both need solicitors and they can instruct forensic accountants. However if he’s a trust beneficiary, I am not sure the trust can be rewritten and it might provide for grandchildren.

SheilaFentiman · 06/03/2023 15:18

Once the divorce is finalised, A could inherit and there would be no further payment to B (assuming a clean break).

If A is still part owner of B’s home and letting himself in, it does seem time to finalise the divorce.

New posts on this thread. Refresh page