We have all heard of, or experienced, scheming spouses hiding assets in Swiss bank accounts as a method to avoid asset distribution in high net worth divorce. Tightened regulations have rendered this particular tactic somewhat passé, but hiding assets is a practice that unfortunately still persists. In recent years, duplicitous spouses have simply moved on to different—and savvier—hiding spots.

The right to fair and equitable asset distribution in divorce resides in the fiduciary duty spouses have for one another, even at the very end of their marriage. Most divorcing spouses understand and abide by this duty to be open and forthcoming about property and finances. Some, however, attempt to skirt financial responsibilities, and that’s where hidden assets can come into play. 

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