That is, if you're going to divide assets, why not take some and hide them in advance. Here, the victim is the spouse. Variation A occurs where spouses conspire together to secrete assets from third-party creditors, such as the IRS or others. Both of these practices are dangerous and illegal.
All states have two main defenses against the asset game .
The first is their fraudulent conveyance or fraudulent transfer laws. The second is the tortious conversion laws. It also occurs if you transfer an asset while insolvent, or so as to make you insolvent. Or, husband changes the name on his bank account to that of his son, or girlfriend, etc. In these examples, the essence is that a debtor has placed an asset outside the legal reach of a bona fide creditor.