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<p>[QUOTE="Clawcoins, post: 3459968, member: 77814"]You would have to prove that you have dispensed of the asset.</p><p><br /></p><p>Otherwise, they'd just assume you still own it and hiding it. Thus an asset in Divorce or whatever.</p><p>So you'd still pay your soon to be ex-spouse half of it's value or whatever.</p><p>I think you'd want to prove that you sold it versus just taking your word for it .. judges don't often just take your word.</p><p><br /></p><p>Remember, if the IRS or Divorce comes knocking, you have to prove that you don't have it. Otherwise, they assume you do. I would think you would start spitting out names/places to prove you don't have it.[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 3459968, member: 77814"]You would have to prove that you have dispensed of the asset. Otherwise, they'd just assume you still own it and hiding it. Thus an asset in Divorce or whatever. So you'd still pay your soon to be ex-spouse half of it's value or whatever. I think you'd want to prove that you sold it versus just taking your word for it .. judges don't often just take your word. Remember, if the IRS or Divorce comes knocking, you have to prove that you don't have it. Otherwise, they assume you do. I would think you would start spitting out names/places to prove you don't have it.[/QUOTE]
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