Monday, October 15, 2007

I'm Rich, Should I Tell My Spouse?

Every now and then, I come across a story that is so bizarre that it really does seem like something that should be told on an afternoon soap opera. I read the following story about a Florida woman who won the lottery, and failed to disclosure this information to her husband prior to filing for divorce. After her divorce was finalized, she quietly claimed her $28.5 million jackpot, and a litigation has ensued which is still making papers. It seems that but for the eavesdropping of a bystander, the woman's ex-husband would never had known that his ex-wife had attempted to cheat him out of his fair share of the lottery winnings. The ex-wife now has to pay a certain amount of money to the ex-husband for a specific period of time. What can we learn from this?? In your divorce, its important to have full disclosure, because, sooner or later, the truth does come out and you will pay for trying to hide an asset which is legally a marital asset.

If you would like to read the story upon which this blog is based, see the following:

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