ATM withdrawals during no fault divorce

[JRLawrence]

Originally Posted by B Three

OMG, y'all made this into some freaking conspiracy. All the OP wanted to know was if he was going to have to explain why he regularly withdraws money from the ATM. Quite frankly, it is highly unlikely anyone is going to ask about it. If his wife didn't have an issue with it before they separated, then there isn't a real basis for her to start complaining about it now -UNLESS he starts deviating in his habits. It's his money, meaning it's their money and if he doesn't start trying to hide assets, etc. It will likely go unchecked UNLESS the wife has some inkling that he was diverting marital assets for something like a girlfriend.

If the total amount of cash was only about $500 a month, it is easy to explain that you like to go have a nice steak with some good scotch once a week.

This all depends upon her attorney, not her. A guy can never really know what is going to happen in this case. So he needs to be a good Boy Scout and remember the motto "Be Prepared". I have seen some strange thinges happen to my friends.

The main reason guys see providers is what we are discussing.

[ssjpariah]

Some may hate me for saying this but: hide all if not most of your assets in cryptos. Never use standard cryptos (easily traceable in the blockhain)use preferably monero or etherum. For the lies you either trust someone with your wallet, say you lost your wallet(hackers or lost your private key), hide the fact you got cryptos laying around or use obfuscation techniques. Its your money.

[JRLawrence]

I would never use any of the fake investments. This is a crap shoot. Computer crap is not an investment, it is a pie in the sky. The amount of money lost can be everything.

Hard, cold gold coins will never loose their value very much. You keep the hard physical item yourself. Gold, or whatever, can be resold. I have a good friend that has 100K worth of guns, they can always be sold for almost, or more, than he paid for them. His wife has no idea.

[Warptcuck]

CLose the account, give her half the money and don't worry about anything else.
That's what I did when I divorced my first wife.

I closed the accounts, gave her half, cancelled all credit cards, I paid off the balance with the money I had.
I kept receipts for everything I did, just in case. From that point on, I lived off of my pay check, she lived off of hers.

[JRLawrence]

Sounds like a good idea. Get it over with, and move on.

[Mr_ Black]

That was the plan to pay her to go away. We’re not getting a divorce due to my hobbying so was worried it may finally come out. It had to due with her significant weight gain (5’0 at 190 lbs) and not wanting to do anthing about it and her desire for a nomadic lifestyle. But since the divorce is amicable and I’m cooperating I don’t think it will be a problem. Selling the home and splitting the assets. Just looking forward to the new freedom. No kids, no wife, 6 figure income and only in my mid 30s.

[Bowser98]

Originally Posted by Warptcuck

CLose the account, give her half the money and don't worry about anything else.
That's what I did when I divorced my first wife.

I closed the accounts, gave her half, cancelled all credit cards, I paid off the balance with the money I had.
I kept receipts for everything I did, just in case. From that point on, I lived off of my pay check, she lived off of hers.

I did exactly the same, went off without a hitch. If you want to throw up red flags, start hiding shit...dumbest advice ever at this late stage of the game.

[JRLawrence]

Originally Posted by Mr_ Black

That was the plan to pay her to go away. We’re not getting a divorce due to my hobbying so was worried it may finally come out. It had to due with her significant weight gain (5’0 at 190 lbs) and not wanting to do anthing about it and her desire for a nomadic lifestyle. But since the divorce is amicable and I’m cooperating I don’t think it will be a problem. Selling the home and splitting the assets. Just looking forward to the new freedom. No kids, no wife, 6 figure income and only in my mid 30s.

5'0 and 190 pounds. That woman is going to have some severe health problems.

Wow!

[Mr_ Black]

Originally Posted by JRLawrence

5'0 and 190 pounds. That woman is going to have some severe health problems.

Wow!

Yep! Only in her 20s. That what drove me to the hobby. But glad she’ll be off my health insurance soon.

[tia travels]

.

Originally Posted by JRLawrence

...

1. make up an alies or fake name for renting a storage space. start moving personal items into it that have value: such as guns that can be traded or sold for cash, but you want to keep them. Use your imagination. Keep the stuff locked up and make sure the rent is paid for long term. Unless it's a crappy storage unit, they all want to see ID. So unless you have fake credentials too, that might not be easy to rent.
2. Get a safety deposit box at a different bank, where you do not have a bank account with your social security number. Put the excess cash there along with any jewlery: or turn everything into hard gold or silver, and hide that. From what I understood, you report your safe deposit rental on your taxes each year. So getting one at another bank might not be that easy either. Correct me if I'm wrong.

...

[rexdutchman]

"Take the money an run" Steve Miller band

[JRLawrence]

Originally Posted by tia travels

.

You could be right. I have rented storage space without ID, under a state registered fictitious name and under an untracable LLC. I have also gotten a deposit box without my ID.

However, I have not done any of these things in the last 20 years. A lot of things could have changed. But storage units are probably easy to rent if you put down a proper deposit. It is a big thing for homeless people to use the units at Uhall.

[Crock]

Originally Posted by tia travels

From what I understood, you report your safe deposit rental on your taxes each year. So getting one at another bank might not be that easy either. Correct me if I'm wrong.

I've never heard of that. Where would you report that? I've never seen a line like that on any tax form. Which form is it?

[Guest083119]

You don't have to report a safe deposit box, but you can deduct the rental cost if you use it to store stock certificates or other income producing related documents. You can't deduct for cash, jewelry, passports, etc.

[Warptcuck]

I have a safe deposit box, but it has my dad's name all over it. Not sure what I will do when he passes away.
Me and him do the right thing for each other, a lot.