Freezing The Funds???

[shanghaisally]

What is the name of your state?I am from Michigan, currently am an expat living in Shanghai, China. I have been married 32 years. We sold our home prior to moving, all of our assets are liquid (stocks, etc.). If I file for divorce, will assets be frozen so funds can NOT be taken out and hidden? How is my husband served papers. I am flying back for a "visit" and can take care of these things. HELP.

[LdiJ]

Originally Posted by shanghaisally

What is the name of your state?I am from Michigan, currently am an expat living in Shanghai, China. I have been married 32 years. We sold our home prior to moving, all of our assets are liquid (stocks, etc.). If I file for divorce, will assets be frozen so funds can NOT be taken out and hidden? How is my husband served papers. I am flying back for a "visit" and can take care of these things. HELP.

If you intend to divorce in the US, then you will have to remain here for at least six months to re-establish residency first. What I did when I divorced (because I didn't trust my ex with money...sigh) was I simply took my half. That way I didn't have to worry about what happened with his half.

I did however make sure that I had good, solid documentation of exactly what we had when we split up.

[shanghaisally]

Michigan. Our house sale went through this past June. Been legally w/o US residency for a bit over one month. Does that help my 180 day requirement?

You make a very good case. I believe one lump amount is the only way to settle. I would never see the checks. He could quit his job and live on next to nothing here. All funds would be transferred and unobtainable.

Looks like I say "good bye" to all my possessions. Taking them would alert him and start a the "financial flood gates". He has access to too much cash which could be taken out of accounts.

Thanks for the advice**************.....

[LdiJ]

Originally Posted by shanghaisally

Michigan. Our house sale went through this past June. Been legally w/o US residency for a bit over one month. Does that help my 180 day requirement?

You make a very good case. I believe one lump amount is the only way to settle. I would never see the checks. He could quit his job and live on next to nothing here. All funds would be transferred and unobtainable.

Looks like I say "good bye" to all my possessions. Taking them would alert him and start a the "financial flood gates". He has access to too much cash which could be taken out of accounts.

Thanks for the advice**************.....

You can check with an attorney on the residency....however I don't think that owning a home in the US necessarily qualifies you to have residency in a specific state. However a local attorney can give you a more specific answer on that.

Yeah...I think its better if you liberate your half of the funds ASAP. If he transfers them out of the US you are sol.