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Mary
Mary
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What how How are the assets of a married couple protected or controlled during divorce proceedings?

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Michael Hall
Michael Hall
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Let's say one spouse is a business owner and is affluent. The other spouse may work part time, but does not have any significant assets in their own name.

Once divorce proceedings have begun, presuming some division of assets will be ordered, how is the less affluent spouse protected from the business owner offloading their business holdings to another family member, or in some way shielding them from the court in order to reduce their financial obligation during the split? Would the court perform a financial audit of transactions in the months or years leading up to the divorce in order to determine an accurate valuation?

Let's say one spouse is a business owner and is affluent. The other spouse may work part time, but does not have any significant assets in their own name.

Once divorce proceedings have begun, presuming some division of assets will be ordered, how is the less affluent spouse protected from the business owner offloading their business holdings to another family member, or in some way shielding them from the court in order to reduce their financial obligation during the split?

Let's say one spouse is a business owner and is affluent. The other spouse may work part time, but does not have any significant assets in their own name.

Once divorce proceedings have begun, presuming some division of assets will be ordered, how is the less affluent spouse protected from the business owner offloading their business holdings to another family member, or in some way shielding them from the court in order to reduce their financial obligation during the split? Would the court perform a financial audit of transactions in the months or years leading up to the divorce in order to determine an accurate valuation?

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Michael Hall
Michael Hall
  • 4.9k
  • 2
  • 19
  • 40

What how are the assets of a married couple protected or controlled during divorce proceedings?

Let's say one spouse is a business owner and is affluent. The other spouse may work part time, but does not have any significant assets in their own name.

Once divorce proceedings have begun, presuming some division of assets will be ordered, how is the less affluent spouse protected from the business owner offloading their business holdings to another family member, or in some way shielding them from the court in order to reduce their financial obligation during the split?