Is it dangerous to hide assets during a high asset divorce case?
Yes. Under Ohio law, each spouse must make a full disclosure of their assets during the divorce. Unfortunately, in some high asset divorce cases, one spouse tries to hide individual assets, such as investment accounts held offshore. Hiding assets this way can come back to haunt the person once a judge finds out about them.
For one thing, if you hide assets, the judge can make an unequal award of marital property. Judges divide marital assets equitably, and one factor they can consider is whether you hid assets or wasted them. If you did, then the judge could give you much less in the divorce than you were expecting. Is hiding assets really worth it?