Separated but not divorced? Your ex could claim your wealth
The Matrimonial Property Act allows a spouse to ask a court to divide the wealth accumulated during the marriage before the divorce is finalised, if there is evidence that the other spouse’s actions are likely to seriously harm their financial entitlement.
And while divorce proceedings drag on, one spouse could be moving assets, transferring money or restructuring businesses in ways that leave the other with substantially less than they are legally entitled to.
But the greater danger, Van Eyssen warned, could come when one spouse starts selling off assets or moving wealth beyond the reach of the other.
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