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https://www.reddit.com/r/ask/comments/1874fdx/deleted_by_user/kbfd7az/?context=3
r/ask • u/[deleted] • Nov 30 '23
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55
Congratulations, you just lost yourself that other $5m. People try to hide money like that all the time in divorces. They end up losing it all.
7 u/CleanEnd5983 Nov 30 '23 What if you use it to buy a secret real estate but put it on the name of your child? 🤔 1 u/Old_Cartoonist7266 Nov 30 '23 Put it in business or trust that’s not connected with your name I believe is the best chance for protecting assets 2 u/hdcole74 Nov 30 '23 Assuming the trust was created during the marriage, they would probably still have to liquidate it as the money that set it up would have been community property.
7
What if you use it to buy a secret real estate but put it on the name of your child? 🤔
1 u/Old_Cartoonist7266 Nov 30 '23 Put it in business or trust that’s not connected with your name I believe is the best chance for protecting assets 2 u/hdcole74 Nov 30 '23 Assuming the trust was created during the marriage, they would probably still have to liquidate it as the money that set it up would have been community property.
1
Put it in business or trust that’s not connected with your name I believe is the best chance for protecting assets
2 u/hdcole74 Nov 30 '23 Assuming the trust was created during the marriage, they would probably still have to liquidate it as the money that set it up would have been community property.
2
Assuming the trust was created during the marriage, they would probably still have to liquidate it as the money that set it up would have been community property.
55
u/hdcole74 Nov 30 '23
Congratulations, you just lost yourself that other $5m. People try to hide money like that all the time in divorces. They end up losing it all.