A survey, carried out for The Co-operative Legal Services by Onepoll, suggests that many people going through divorce could be hiding their wealth from their partners. Of the 800 divorcees questioned, nearly a quarter said they had tried to hide financial assets to “keep them secure”. Some of the common ways used to conceal wealth included:
- Hoarding of cash coming up to a split
- Making up fictitious debts owed to relatives
- Going on a spending spree with a joint credit card
- Transferring money to new partners or family members
- Clearing out joint bank accounts