What are the Best Ways to Hide Assets in a Divorce?
How can I hide money from my husband before divorce? Attempting to Hide Assets Before Divorce? How People Can Hide Money in a Divorce.
What are the Best Ways to Hide Assets in a Divorce? Spouses who own a business may remove assets from financial statements, remove cash without recording it, and commit federal and state income tax fraud in the process. Spouses who don’t own a business may attempt to hide assets with trusts or gifts to family members or friends who agree to return the money after divorce. Hear Mason’s comments below.
What are the Best Ways to Hide Assets in a Divorce?
Obviously, I do not recommend hiding assets in divorce. I wrote The Forensic Accounting Deskbook to help family lawyers and forensic accountants catch spouses who own business attempting to hide money and income. In my book, I detail the most common schemes and techniques to catch them. This video is an academic exercise only.
Memphis divorce lawyer, Miles Mason, Sr. JD, CPA presents continuing education to the Chattanooga Tax Practitioners. Mason is the author of the best-selling book, The Forensic Accounting Deskbook, published by the ABA Family Law Section. This updated edition of one the ABA’s most popular resources explains the practice of forensic accounting and business valuation and how to apply it in family law cases. It provides a practice-focused introduction to the core financial concepts in divorce, such as asset identification, classification, and valuation, income determination, expenses, and more.
