How to catch a financially unfaithful spouse during a divorce

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There is such a thing as an uncomplicated divorce. But cases can get messy when one party decides to lie about or hide some of their assets.

Unfortunately, this happens more often than people think. Money can bring out the worst in people, especially if their relationship ended on bad terms, but hurt feelings do not justify a party’s decision to try and pay their ex less than they are entitled to receive. 

When going through a separation, each party is obligated to provide full financial disclosure to the other. This is required for the purposes of calculating spousal and child support, and property issues. The reality is that most people will fully participate in this process, but some individuals believe that they can keep their money by making some of it “disappear,” or claiming they have or earn less than they really do.

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This is risky behaviour. The Ontario Family Law Act expressly sets out that a court can set aside any contract or settlement if it was reached without full disclosure by one or both parties. Furthermore, a court may enforce sanctions, or a cost order against a party, if it is found that they were being dishonest about their financial situation. But the individuals who stash money offshore, who keep Bitcoin

Article source: http://www.msn.com/en-ca/money/topstories/how-to-catch-a-financially-unfaithful-spouse-during-a-divorce/ar-BBKC1qI?srcref=rss