[D106] HIDING ASSETS DURING DIVORCE: IS IT LEGAL & THE PENALTIES - BY DIVORCE LAWYER SOUTH AFRICA

Are you thinking about a divorce? maybe you worried that your spouse will hide their assets from you. If your spouse is hiding assets from you, you will not get the proper divorce settlement that you actually deserve.

When a couple gets divorced, all of the assets have to be considered. You may find that your spouse is actually hiding assets from you This is very concerning especially if you don’t know much about their assets.
Here are some steps you can take today to prevent your spouse from hiding assets:
o Make a list of all known assets in the marriage
o Try and get copies of tax returns filed by your spouse in the last 3 years
o Make a list of all income and expenses of your spouse
o Get a copy of your spouse’s previous wills – that will usually contain a list of their assets
o Check if your partner has any debit orders of their bank statement for life insurance or any kind of savings
Also be on the lookout for these key signs that your spouse is starting to hide assets from you. These are:
o Your spouse is become very defensive and secretive.
o Another sneaky trick is if your spouse defers his salary and bonus from work by signing a new work contract. By doing this his income from work will be shown to be less, until the divorce is finalised. They then claim a small income which will mean less money for child support or maintenance.
o Another way is if your spouse over inflates his expenses by claiming they now owe money to friends and relatives and has to pay them back.

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CONTACT: Aslam Moolla
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=== ABOUT ASLAM MOOLLA ===
💼 Aslam Moolla is a licensed Attorney with a Masters in Law who specializes in Divorce and Labour Law. In 2014, he was awarded the Lexis Nexis Prize by the University of KwaZulu-Natal. Our law office is based in Umhlanga, Durban. We developed this series of videos to show you how to handle yourself in court and achieve the best outcome for your case.

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=== TIME STAMPS===
00:00 Legal position in South Africa explained
00:50 Important red flags to check if your spouse is hiding assets from you
02:48 What steps can you take to protect yourself in a divorce
04:05 Best interests of the child

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=== RESOURCES CITED IN THIS VIDEO===
Section 28 of the Constitution – Children’s Rights


=== LEGAL DISCLAIMERS ===
Legal Disclaimer: This video recording is for educational purposes only and should not be considered as the rendering of legal advice. The viewing of this recording does not create an attorney-client relationship with Aslam Moolla. Please consult an Attorney to get specific legal advice to your specific situation

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