Infidelity and lies are common place in many marriages and this has been the cause of a lot of divorces over the years. The Justice Department's 2012-13 annual report figures show that the divorce rate has rocketed by 28% from 39 573 to 50 517 cases. If spouses cheat and lie during the marriage, imagine then what spouses will do during a divorce to protect "their assets".
I find in so many divorces I handle that a spouse hides assets or has been hiding assets for many years in preparation for the divorce. Hiding assets can be a criminal offence and you need to think carefully before you do this.
In terms of our divorce laws, and the applicable marital regime, the estate/s are divided at the time of the divorce – which may be years away from the time that the action for divorce is instituted.
So, how do people hide assets from their spouse?
If you wonder what to do about finding hidden assets, read more about the Discovery Process in an article that will follow shortly.