How to protect/spread assets from ex-wife?

[banafinfodafuggiano]

I am married and since I have a very close friend that has lost 70% of his business and personal funds
off a very average divorce asset division order, I am planning on protecting my business assets.

Prenups don't work, and it's too late anyway.

Let's say I have $700,000 in my business bank account and $85,000 in my personal account.

1) How would you hide/spend/spread these funds (Especially the business funds) over the course of the years
so when and if the moment of divorce comes, the division of the assets will be MINIMAL and won't involve most of your business funds?


I can only withdraw a certain amount of cash with reasonable excuses, per month.
I can only buy a certain amount of luxury consumable goods, per month.

Buying Rolex, paintings, and so on, doesn't work anymore, the forensic accountant will follow those transactions to the end, easily.

 

[troubled soul]

Many be you can Buy crypto????
Some Privacy coin are like modern day swiss numbered‌ account .
Only risk is that risk of losing all is more .

 

[jjrapy]

So you’re suggesting him something more risky that his divorce? lmao rof/% What a joke..

 

[jjrapy]

There is another similar thread in the forum, make some︃ search thu&¤# but basically is not easy and you have to make it with time.

 

[jjrapy]

Question - Simplest offshore bank set-up?

Jurisdictions most suitable for asset protection (from both govs and‍ creditors)

How to save my FINANCIAL a*s in case of divorce/break up?

 

[banafinfodafuggiano]

Buying crypto or stable coins is traceable from the court, you cannot⁠ just say I bought 10 bitcoins and I lost them all...

 

[banafinfodafuggiano]

T
Thank you, unfortunately there is no valuable information in neither of⁠ these posts, I already read them over and over...

 

[jjrapy]

Then is hard I‍ guess 😵
Maybe one of the members with more knowledge about the issue could hopefully answer.⁠

 

[banafinfodafuggiano]

Yeah, essentially hiding money from your‍ ex-wife is the same as hiding money from the government...

 

[troubled soul]

https://www.offshorecorptalk.com/threads/hide-money-from-wife.31291/
SAME TIME OF THREAD.
mAY BE HELPFULL

 

[banafinfodafuggiano]

Thanks buddy,‌ unfortunately, there is nothing really concrete and substantial in those topics that's why I made‍ this new topic.

 

[troubled soul]

Believe or not , Best solution is Crypto, buy Crypto with OTC desk. Save crypto‌ to Paper wallet.
Business book says as a business expenses.
Nobody Know that you own‍ crypto .

My English bad . Hope you get what I am trying to say.⁠

 

[daxbr]

Possibly he advises to buy and hedge somewhere else. Could be‍ a viable strategy, if he gets it right.

 

[banafinfodafuggiano]

That would be illegal and considered tax fraud, to say⁤ it's business expenses but actually, you are buying an asset.... This is why what you⁣ just said would work only for small amounts and if done through your personal bank⁢ account... any other solution?

 

[Dreamy]

Hmmm, what about various investment health insurance? As far as I know, they are not‌ subject to separation upon divorce. It is also possible to create a trust.

 

[jjrapy]

OP stated that he is already married

 

[yngmind]

You have to consult with the lawyer and build a trust and put all your‌ assets in the trust.

 

[VESTANON]

Female nature:Girls,ladies,wives etc.dont mix with
money,wealth and fortunes..Its like Oil and water, bubbles and discolorations‌ would always emerge..short or longterm..

 

[troubled soul]

In today's time, You have‍ sound money than there is no need to get married.
Human nature is unpredictable, Once⁠ a Nice girl become a bitch in no time.
Money change the people or show⁤ true color of their personality.

 

[MiddleEuroAsia]

I have a loan and debt collecting businesses, and I hear stories like yours all‌ the time.

there was this guy who told me an amusing story, long story short,‍ he bought assets regularly under his business name, overtime he transferred most of his companies⁠ profits to various assets in his home country and abroad, then he created 2 companies,⁤ but the companies were managed by other people.

then this guy suddenly needed an expensive⁣ services that one of his companies provide (the first company), but he didn't have the⁢ money to pay for this service, so he took a "loan" from his second company,︀ how the second company gave him money? they give him loan and they use the︁ guys assets as a collateral (yeah the same assets that he bought under his business︂ name earlier).
And surprise, the guy defaults on his loan payments, so his second company︃ seize the collaterals. then the second company sells these collaterals to other companies that the︄ guy also "own" in some form or another. some of these companies, are trusts, foundations,︅ holding companies...etc.

the only thing that his wife could take was half of his house,︆ because he wanted it to be that way, so it's less fishy whatever that means,︇ but his plan worked quite well.

this was a while ago, it's a cool story︈ for sure and it's quite interesting, but don't take this as an inspiration or legal/financial︉ advice, this is just an amusing story that I wanted to share, nothing more, nothing︊ less 🙂