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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.

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