Siphon the money, prior to filing for divorce

[Bubba Seal]

EXp I thought of something else, if you file for divorce or she files, if she happens to get a tech savvy lawyer all they have to do is trace you IP number back to this site, and read what youve said here, or anywhere else for that matter. So be careful how much you talk on this subject if its something that you are thinking of doing.

Yes if you get into a contested divorce, they can just show that you spent more money than normal and claim dissapation of assetts. YOu need to attorney up.

I mentioned my divorce lasted so long, well when I realized that we were done, I started dating before the divorce was final, in the end I had to pay the ex back half of the money I spent dating, I didnt try to hide it, I owned up to it.

Good Luck, you really need to get educated on what can happen here.

Focus on the kids, and stop focusing on you, and how bad you were treated.

[Fatheroffour]

If you have concerns for her mental state there are methods to address it but you mindset at the moment has you headed down the wrong path.

Do it like you're suggesting and you'll get hammered , caught easily and suffer a long time, assuming she has any sort of competent attorney.

[BartSimpson]

Yes, that is one of the reasons, she is mentally unstable now, and I don't want her to spend our kids future. I would not waste one penny, it would be hidden, in cash until divorce is finalized, than I would pay off the loans.

Protip: When planning to defraud your spouse, it is best not to leave evidence of your intentions for her to use as proof.

[Trevor]

It's late and my reading comprehension may not be spot on...I think you should secure the funds in a separate account so she cannot drain them and use them herself...disclosing fully the money on financial documents. Don't blow the money...secure it from her doing what you are talking about doing with it.

[defaultuser]

One thing you might consider is doing a college prepaid plan or putting money in your kids name for college. That might keep both your hands off of it and benefit your children.

[exp1026]

It's late and my reading comprehension may not be spot on...I think you should secure the funds in a separate account so she cannot drain them and use them herself...disclosing fully the money on financial documents. Don't blow the money...secure it from her doing what you are talking about doing with it.

We did that already, actually she insisted on her being removed from all joint accounts. She just wanted 2 thousand to pay for the apartment. She is pretty fair so far, did not turn into gold digger, probably because she still hopes that I will not go through with the divorce. So all money is in my name, on my account, and she gave back all credit cards that were joint (all of them), and she was removed from the accounts.

[jacob_coulter]

I'm no expert by any means, but if I were in your situation, I would look to stash as much as possible in your children's names. Set up something like a "529" account for your kids where it's money designated for education, and it grows tax free as long as it is used for that purpose. Look into setting up some sort of educational/trust.

Start gifting your kids the maximum amount? You could set up a trust, the maximum tax free gift is $5 million right now. Maybe set up a small business/LLC , put your kids on the payroll and pay them? You would need to speak with an attorney about how all of this would go down, but I find it hard to believe a judge would take away money that was in a child's name, but if it was really close to a divorce filing, who knows?

What you absolutely don't want to do is something like mortgaging the house and say "I lost it all in gambling", that's just not going to fly any more than if you're wife cleaned out everything and said that.

[CCR]

I've seen people stash some cash preparing for divorce....but they probably took a few percent at most for a couple years. You won't get away with taking much more than that.

[kangaroocourt]

What about opening up a business with the money? It should be easy to document business losses, most businesses fail. Plus it is a lot more defensible in court than blowing the money on a craps game.

[Fatheroffour]

Opening a business is a great idea.

I have several ideas guaranteed to lose money. If anyone is interested, PM me.