Is hiding assets in a divorce illegal?

Answer

Yes, it is illegal to hide assets in a divorce. 

In the context of divorce, both individuals must come to a mutual agreement regarding the division of their finances, assets, investments, and retirement funds.

Typically, most couples are able to reach such agreements amicably outside of the courtroom by engaging in open and honest discussions about their financial interests. 

Regrettably, some couples attempt to conceal assets such as savings, vehicles, pensions, debts, and inheritances either before or during the divorce process.

It's essential to bear in mind that any efforts to transfer, conceal, or dispose of money or assets may result in legal penalties if discovered by the court.