Can a husband place his assets in his mistresses name to prevent his wife from getting them in a divorce?
- DavidLv 65 months ago
It would depend. First, does he trust the mistress more than the wife? That would be kind of silly, if she's a MISTRESS. But anyway...
The transfer would have to leave no paper trail, and be completed at least a year or two before either the husband or the wife files for divorce.
He'd have to pull out assets in cash, deliver cash to the mistress. (stupid)
And then he'd still have to wait a year or two to file for divorce. Considering some states impose artificial waiting periods to obtain a divorce, the asset transfer might have to take place as early as four or five YEARS before the divorce is granted.
As a guy, you have to wonder...
Do you trust your mistress enough to hold a substantial portion of your assets *IN CASH* for four or five years or longer, with no paper trail to even prove that she HAS the assets? That's a lot of trust to put in somebody who has already proven to not be very trustworthy...
- DickLv 75 months ago
No fault divorce divides assets "equally". It's pretty hard to hide money and assets. Records will have to be presented, and almost any asset transfer or large cash payment before the divorce, will be taken, by the court to be an attempt to hide assets. Especially if it's into your girl friend's name. You need to get a lot more original.
- TiffanyLv 45 months ago
Well, seeing as most assets are likely jointly owned, that would be seen through pretty quickly. Underhanded moves like that are not usually good in the midst of court proceedings.
- FoofaLv 75 months ago
If he's somehow getting money under the table that isn't reported to the IRS and such, maybe. But for most assets just a little bit of forensic accounting will find them. Guys who don't want to loss money and assets in a divorce have to get prenups. It's just not that difficult to protect yourself this way and I know more couples with prenuptial agreements than not.
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- Barb OuthereLv 75 months ago
He can try but if the wife has a good lawyer they will see through that. Also the Courts don't like it when people try to hide assets, pending a divorce (up to 12 months before filing) in this way. Sometimes they even give the other extra to cover any other possible assets that aren't around any more.
- Anonymous5 months ago
One of those women is going to end up screwing him and not in bed.
- MetalplanttagLv 75 months ago
Sure, but how successful that is depends on how good the wife's lawyer is.