Dividing the family finances is one of the most challenging parts of a divorce. Because money is an emotional part of our lives, some people want to know how to hide money before a divorce.
If your raise goes into effect before the dissolution of your marriage, your spouse’s attorney will jump over that extra income, ensuring it’s added to the overall marital assets.
If you own your own business, you could hide some cash here. Common ways include hiring fake employees or buying imaginary equipment and funneling this money to your personal account.
Use your debit card to pay and take out $10-20 on top of each purchase. It’s not enough that it’s noticeable, and you can quickly put away some cash in a savings account or by stashing it somewhere.
Your income amount is determined by what you’ve reported on your tax returns. If you underreport your income when doing your taxes, your spouse’s divorce attorney only knows that amount.
Since it is difficult to trace most crypto transactions, it is a good option. But any lawyer worth their money will either try to track this money down or somehow get a portion of it included in the divorce agreement.
You’ll have to get a little sneaky with this one. An example of exaggerating debts is setting up a loan with a family member or friend. Keep track of every time you pay this person to establish a record for the court.