Reported about 8 hours ago
A growing number of affluent individuals are employing secret trusts and limited liability companies (LLCs) to obscure their assets from spouses during divorce proceedings. These financial structures, often set up by experienced attorneys, can enable one partner to hide money and property, complicating the asset disclosure requirements in divorce cases. Although these practices raise ethical concerns and can involve intricate legal manipulation, some attorneys argue that they can serve legitimate asset protection purposes, while others emphasize the need for transparency and accountability in marital finances.
Source: YAHOO