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If you were going through a nasty divorce and had a significant?

If you were going through a nasty divorce and had a significant amount of funds in the possession of your parents your spouse did not know about, would you declare these funds in you financial accounting for the divorce? No, I wouldnt, but not for the conclusion that some might jump to. If its in your parents account and your name is not on the account, then legally it is their money and untouchable by your spouse without absolute proof you put it there for your parents to hold. If you disclose that information, there is now absolute proof (your disclosure) you have money in their account. What do think is going to happen if your spouse or their lawyer decides to challenge your statement as to how much money in that account you claim is your parents is not really yours? A good lawyer is going to ask the court to put a freeze on that account so no one can withdraw any funds until you can prove which portion is yours vs parents or you reach a settlement acceptable to your spouse which could be a demand for more than they should be entitled to. As long as your name is not on that account, there is no way anyone can tie it to you. Without your name on the account, even if it was suspected you had money there, the burden of proof lies with the accuser, not the accused. You dont have to prove the non existence of something. Well, thats my opinion. Im not a lawyer and Im not giving legal advice, just my knowledge based opinion. Consult an actual divorce attorney for their opinion.

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