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Safeguarding savings in a separation

  • 01-05-2012 8:30pm
    #1
    WN4
    Registered Users Posts: 18 ✭


    In a separation where one of the parties is financially vulnerable ie low-paid job, no pension etc and, due to numerous threats over the years, has saved a significant amount of money, is there any way of protecting those savings?

    The other party is financially secure in their job, superannuated pension etc and the children will soon be adults.

    How can one retain their own financial security because if it went to court the assets would be split.

    At the moment the vulnerable party is considering a Swiss bank account. They don't want to be deceitful but feel they have no choice.

    Would be grateful for any advice.


Comments

  • #2
    ResearchWill
    Closed Accounts Posts: 4,111 ✭✭✭ResearchWill


    You do know you will have to swear an affidavit of means during any proceedings.


  • #3
    krd
    Banned (with Prison Access) Posts: 3,455 ✭✭✭krd


    Well, if the money vanishes from the bank account. Becomes stateless - without a discoverable trail, then what can they do.

    A trip to Las Vegas could be in order.

    Judge: "And what did you do with the money from that account?"
    Person: "Drugs, women and gambling, your honour."
    Judge: "Did you get receipts?".


  • #4
    WN4
    Registered Users Posts: 18 ✭WN4


    ResearchWill wrote: »
    You do know you will have to swear an affidavit of means during any proceedings.

    Precisely, so what can be done?


  • #5
    Procrastastudy
    Closed Accounts Posts: 6,224 ✭✭✭Procrastastudy


    WN4 wrote: »
    Precisely, so what can be done?

    Perjury - not recomended.


  • #6
    WN4
    Registered Users Posts: 18 ✭WN4


    GCDLawstudent wrote: »
    Perjury - not recomended.

    Indeed. But it couldn't just be handed over so the other side could walk away with it


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