this post was submitted on 19 Oct 2023
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Having separate accounts for personal stuff is just wise financing, but feeling the need to even make a secret account should tell you where that's headed.
My grandfather had an account he never told my grandmother about, then he got dementia and couldn't remember he had the account, years later after he died we found out about it, and we found out that he'd invested in a lot of successful companies over the decades, and had made a substantial amount of money.
If my grandmother had known about the account he would have had vastly better care than we were actually able to afford.
I also think it's rather ironic that he would have had a better life if he had just been a bit more open with his finances.
Growing up they always had crap cars they were always falling apart and Mr Frugal was sitting on a life-changing amount of money.
Says someone who's never been through divorce.
I like this comment greatly, because it can be interpreted in multiple ways.
Siphoning your money into a secret account before a divorce is a great way to lose all of that money and possibly face criminal charges. But, it depends on the state, really.
Doing it as an attempted fraudulent report of finances, yes. Having it as a personal, non-joint account for years prior is not fraudulent at all, yet keeps said divorcee-to-be from all manner of technically legal shenanigans.