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Mumsnet has not checked the qualifications of anyone posting here. If you need help urgently or expert advice, please see our domestic violence webguide and/or relationships webguide. Many Mumsnetters experiencing domestic abuse have found this thread helpful: Listen up, everybody

Ducks in a row?

56 replies

ducksquestion · 02/01/2021 04:45

Can anyone suggest some help getting my ducks in a row?

How do you hide your get away money? I have a little I invested secretly in Bitcoin, it's grown and I'd like to cash in at some point. If I put it in the bank then I'd need to declare it surely? Do people hide cash? Can I open a bank account in one of my children's names? I'm not leaving for 1-2 years, the situation is safe (no violence) and tolerable for now. If I left now he will financially ruin me, in the next year or so our financial position will most likely be enormously different and I'll be financially safe.

OP posts:
SueDeNimm · 04/01/2021 05:56

@june2007 you really need to stop being naive. If he's offshored his money there's no way it's showing up and ex husbands don't declare money all of the time without issues. Jesus how can you not know this?

SueDeNimm · 04/01/2021 06:01

Also maybe buy premium bonds. Pretty untraceable.

iftherewereahorseyinthehouse · 04/01/2021 07:00

What's he spending this huge amount of money ON? He must have some assets, unless he's gambling away hundreds of thousands.

taskmasterfan · 04/01/2021 08:47

It is illegal to not declare it in divorce proceedings. And i would argue immoral but thats a personal view.

However, if you need an escape fund or enough money to set up a new home before a divorce (that might take months or even years). Then having a little fund might not be a bad idea. But you would also have to show statements for this at divorce for 2? Years previous if it is in either if your names.

Yohoheaveho · 04/01/2021 11:23

Ducks, I hope you're keeping a detailed log of every conversation that you have with him about this

june2007 · 04/01/2021 18:35

SueDenimm I am well aware not everyone is honest. I am aware you should treat others how you want to be treated and if you mislead but are found out that will go against you. (could even be freud)

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