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Relationship Discussion (non-explicit)
Reply to "Where to hide money to plan an exit?"
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[quote=Anonymous][quote=Anonymous]A bette thing to do would be to ensure that you have bullet proof documentation of all accounts and assets. You have all the usernames and passwords for online access and none of those are saved on any device in your house. If he makes 4 times what you make, unless you make $5k and he makes $20k per year, probably you will be ok. I agree with buying things like winter coats for kids for a few years. There will be some super sales and you can get a few sizes. Get all your summer camps booked and paid in full now. [/quote] Since you have access to all the accounts and the uid/pw i'm assuming they are all either jointly owned or in his name. Why not make sure that all of them are jointly owned? You control the account, it should not be difficult to add your name to those accounts. Accounts in Kid's name: If divorce is imminent, open accounts in your kids' names with you as the custodian and move money into those accounts. These will ostensibly be used for their benefit. Let his lawyer argue about taking that money away and make him look bad. Cash: Siphon off 10K in cash and give it to your parents to hold in your name. Gifts: You can actually "gift" up to 14K per year without tax disclosure to each person. That's 28K to your parents. This will be above board and legal and I don't think his lawyer can ask for it back. They can hold that money for you when you need it. All of these are perfectly valid since you make money too and these funds can come out of your earnings. At the end of the day all marital assets will be split equally. The above steps moves a small amount of money out of that pool. [/quote]
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