Why hiding assets during divorce is not a good idea.

During financial negotiations both parties are expected to provide full and frank disclosure. Hiding assets can have the following consequences.

Courts have the power to revisit and set aside financial agreements if hidden assets are discovered later.

Hiding assets can result in contempt of court proceedings which can potentially lead to fines or imprisonment.

Courts have the power to make adverse inferences if assets are not disclosed. This can result in a potentially worse financial outcome for the concealer. 

A Court can also penalise a party who hides assets by making them pay the other party’s costs.