Wednesday, February 20, 2008

Prenuptial Agreements: DO NOT Hide Assets

Reading The Georgia Family Law Blog, I saw the following post and thought what a great title:Can't Play "Hide the Ball" in a Prenuptial Agreement - Blige v Blige. I think it highly unlikely an Indiana court would not act as did the Georgia court.

See Prenup Agreements: What to Do Before 'I Do' for a well written, general overview of prenuptial agreement.

So, what if your future spouse is involved in something like an illegal tax-avoidance scheme? Lawyers say prenup agreements only hold water with the judge when both parties signed them in good faith and with adequate information.

Unless you're willing to put it into writing that you've smuggled most of your funds into an account in the Cayman Islands, anything you sign could become void in court.

My earlier post, Divorce: Hiding Assets and Property, also bears on this subject.

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