Should I hide my assets?
rechel & associates, p.a.
The question often arises during a divorce “during a divorce, should I hide my assets?” Theodore Rechel of Rechel & Associates in Tampa, Florida answers this question.
I get this question from time to time. The answer is a definite no. It is untruthful and unlawful to hide your assets. You have to sign a financial affidavit disclosing your assets. It is signed and notarized under penalty of law. If there's a good attorney on the other side and you attempt to do this, they're going to find the hidden assets, and you will be exposed as a perjurer. But more than that, a case, years later, can be overturned if an asset is fraudulently not disclosed on a financial affidavit. Eventually, if there's a decent attorney on the other side, then the undisclosed asset is most likely going to be discovered. So you must disclose your assets and liabilities on your financial affidavit, and it is definitely not recommended that you attempt to hide assets.
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