Why it’s hard for couples to hide their private homes from creditors

1 month ago 86

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Couples who fake divorces to hide their properties could still have their assets seized by creditors.PHOTO: PIXABAY

It might look good for couples to hold properties separately as a way to avoid some tax but do your sums carefully to make sure you can afford to do so.

The key risk arises if either spouse lands in debt and faces bankruptcy action, as creditors can sue for the whole property held by the debtor.

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