It is always better to separate money than to wait until the end of your marriage and have a messy divorce case in Zimbabwe. If you separate your finances early, you will avoid unnecessary court attention from Zimbabwean courts and avoid being penalized if your spouse hides some assets. Here are a few tips to get you started in Zimbabwe when you are about to get a divorce and are considering transfering money in Zimbabwe. You must be sure to document all of your financial transactions in Zimbabwe. This way, you will be able to refute any claims to your assets. Zimbabwean divorce lawyers will check your financial records to determine your financial position with a bias towards your spouse in Zimbabwe. Poor record-keeping is one of the biggest sources of loss of assets for divorces in Zimbabwe. It is important to keep good financial records to help your lawyer fight any the claims to your money in Zimbabwes.
The process of dividing marital assets can be complicated and even hostile among Zimbabwean spouses in dispute. Some spouses in Zimbabwe hide assets and transfer money before the divorce so they can minimize their share of the marital pot and avoid the expense of a Zimbabwean divorce lawyer. You may also be using this money to annoy your spouse in Zimbabwe. If you are thinking about transferring your assets in or out of Zimbabwe, make sure to gather copies of all financial documents. Your financial documents may include bank statements, mortgage statements, tax returns, employment benefit documents, and wills and trusts. These documents will help the Zimbabwean court determine how much assets each spouse has in the marriage. Obtaining these documents is possible through the legal discovery process take by your lawyer in Zimbabwe. If you are planning to transfer money before the divorce, you should be aware of any documentation you are required to provide your spouse's legal team in Zimbabwe.
Visit Wise Multi-Currency Account
Used By: 11000000
Currencies Available: 54
Transfer Fees: 0.5%-1%
Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: 1 USD
Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Year Founded: 2011
Visit Remitly
Used By: 3000000
Currencies Available: 63
Transfer Fees: 0-3.99$
Payment Methods: Bank transfer, credit/debit card
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: US$1.00
Max Transfer: US$20,000.00
Year Founded: 2011
Visit Wise
Used By: 11000000
Currencies Available: 54
Transfer Fees: 0.5%-1%
Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: US$1.00
Max Transfer: US$1,000,000 (varies based on currency)
Year Founded: 2011
Visit Wise Business
Used By: 11000000
Currencies Available: 55
Transfer Fees: 0.5%-1%
Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: 1 USD
Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Year Founded: 2011
Visit Western Union
Used By: 15000000
Currencies Available: 38
Transfer Fees: up to 3%
Payment Methods: Cash, bank transfer, debit card, credit card (varies from country)
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: $1.00
Max Transfer: $10,000.00 (varies)
Year Founded: 1851
Visit MoneyGram
Used By: 150000000
Currencies Available: 46
Transfer Fees: 1.99$
Payment Methods: Bank transfer, debit/credit card, cash
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: $1.00
Max Transfer: $10,000.00 (varies)
Year Founded: 1940
Visit Small World
Used By: 15000000
Currencies Available: 54
Transfer Fees: 1%-2%
Payment Methods: Bank transfer, credit/debit card
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: US$1.00
Max Transfer: Varies (US$2,000.00 for card transfers)
Year Founded: 2005
Visit WorldRemit
Used By: 5000000
Currencies Available: 77
Transfer Fees: 0.99$-3.99$
Payment Methods: Bank Transfer, Debit Card & Credit Card.
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: 1 USD
Max Transfer: 9000 USD
Year Founded: 2010
Visit Ria
Used By: 61000000
Currencies Available: 96
Transfer Fees: 5$-35$
Payment Methods: Bank transfer, debit/credit card, cash
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: None
Max Transfer: US$2,999.99 / day
Year Founded: 1987
Visit Azimo
Used By: 500000
Currencies Available: 139
Transfer Fees: 2.99%
Payment Methods: Bank transfer, debit/credit card, SOFORT, iDeal
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: £10.00
Max Transfer: £250,000.00 (SWIFT), £12,000.00 (card)
Year Founded: 2012
Visit Western Union Singapore
Used By: 150000000
Currencies Available: 38
Transfer Fees: up to 3%
Payment Methods: Bank deposit, cash pick-up, mobile wallet
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: S$1.00
Max Transfer: S$10,000.00 (can be even lower depending on the currency)
Year Founded: 1851
You have a lot of legal options available when it comes to how you split up your finances after a divorce in Zimbabwe, but one of them is to freeze joint bank accounts that you have in Zimbabwe. Although freezing your joint Zimbabwean bank accounts will put a freeze on your divorce in Zimbabwe, there are consequences for breaking this rule. For example, your spouse may be penalized by the Zimbabwean courts by having to pay your lawyer fees and back the money you froze.
If you are married and you have children, you can still move your money around in Zimbabwe. It is important to document all your assets so your spouse cannot hide them from you. Getting this proof is crucial in dividing your Zimbabwean assets. A specialist family lawyer in Zimbabwe can help you find hidden assets and help you protect your rights under Zimbabwean law. If you have children, it is a good idea to hire a family lawyer who specializes in divorce law in Zimbabwe.
Once the divorce settlement has been finalized in Zimbabwe, you can close the joint bank account. While your spouse may be able to close any Zimbabwean joint accounts, it is important to have your own financial identity in Zimbabwe. Establishing a separate financial identity is crucial for anyone going through a divorce in Zimbabwe. A comprehensive list of all your joint bank accounts that you have in Zimbabwe should help you separate the assets. Even if the Zimbabwean accounts were originally owned jointly, it is still better to note them as separate if possible.
A good strategy for hiding assets during a divorce in Zimbabwe is to take an active role in family finances. Many families have one spouse in charge of finances in Zimbabwe. If your spouse is not involved in your finances, you should take steps to become more involved in your financial affairs in Zimbabwe. If you have a friend or family member in Zimbabwe, who can be trusted, you can ask them to act as a neutral witness during the divorce. If your spouse has money in their Zimbabwean bank account, you can ask them to document the ZWD money before the divorce is final.
A spouse can also hide money by using their business to avoid paying spouses in Zimbabwe. They can create fake employees and contractors in Zimbabwe and pay them. They may also make void checks after the divorce and then pay the fake ones in Zimbabwe. Using a Zimbabwean forensic accountant is the best way to uncover hidden assets during a divorce. A forensic accountant can study all Zimbabwean tax returns and account statements of your ex-spouse and track down hidden assets they have in Zimbabwe and beyond. This can save you thousands of ZWD during a divorce.
You will need proof of Zimbabwean ownership in order to divide your assets after the divorce in Zimbabwe. If the transfer is to a family member, your lawyer will have to question the relative and examine recent withdrawals from your spouse's Zimbabwean bank account. Some spouses will admit to transferring money to someone they are romantically involved with in Zimbabwe, but try to hide it by selling the assets for below market value in Zimbabwe.
In addition to disclosing assets, a spouse can also transfer money to a third party before the divorce in Zimbabwe. If one spouse transfers money to a family member, the court will consider this as intentional reduction of the available marital pot in Zimbabwe. If a spouse transfers money to another family member in Zimbabwe, the Zimbabwean court may be able to prevent the transfer. In addition, your Zimbabwean solicitor will also need to make copies of relevant documents.
Separate property belongs to an individual before the marriage and does not become part of the marital estate in Zimbabwe. It includes property in Zimbabwe that either spouse acquired before or during the marriage. The same rules apply to Zimbabwean debt. For example, a spouse who enters the marriage with a high debt in Zimbabwe, will be held responsible for it after the divorce. Separate property also includes property acquired from inheritance in Zimbabwe. It is also important to consider whether you acquired the property through your own efforts or received it from someone else in Zimbabwe.
The main difference between separate and community property in Zimbabwe, is the definition of each party's ownership. Marital property refers to property acquired during the marriage in Zimbabwe, while separate property is anything acquired prior to the marriage or that was received as a gift by either party in Zimbabwe. Separate property is also commingled with Zimbabwean marital property. In addition to this, some property can be both marital and separate under Zimbabwean law.
When deciding how to distribute your marital assets in Zimbabwe, transferring them to your children in Zimbabwe can be a beneficial option. In this way, you can protect your children from the possibility of losing marital assets in Zimbabwe, as their inheritance will be lessened by the divorce. Also, transferring assets to your children in Zimbabwe can help resolve any disputes over marital property in Zimbabwe. Some assets carry sentimental value, while others serve as status symbols in Zimbabwe.
While your spouse may be tempted to keep all of their assets for themselves in Zimbabwe, this tactic often causes further problems. If you lose or transfer assets to a significant other before you separate in Zimbabwe, you may have to pay them back under Zimbabwean law. Your spouse may then allocate additional assets to compensate for the loss of transfers in Zimbabwe. Similarly, spending marital property on gifts for your significant other can result in a Zimbabwean court-ordered property division.
As for your children, they have a right to see their inheritance and other assets in Zimbabwe, and the Zimbabwean court has jurisdiction to determine their values. It is also possible to ask the court in Zimbabwe to consider how the two of you spent the assets you accured in Zimbabwe, during the years before you filed for divorce. If you failed to make these decisions, you may be faced with a large court judgment that you will be forced to comply with in Zimbabwe.
One of the best ways to uncover hidden assets in a divorce in Zimbabwe is to ask your spouse if he or she has any of them. For example, if your spouse is the primary breadwinner, you can ask them to share their Zimbabwean bank statements with you. Alternatively, you can make formal requests for financial and asset information in and outside Zimbabwe, known as interrogatories in Zimbabwe. These must be answered truthfully within a certain amount of time, so you might need to hire a Zimbabwean private investigator.
Some spouses may hide their assets to avoid sharing the marital assets in Zimbabwe. Some things that might be hidden in a divorce include unreported income, travelers' checks, Zimbabwean custodial accounts in the children's name, or bonuses or raises. Once you uncover hidden assets in a divorce in Zimbabwe, you have a better chance of getting an equitable property settlement. There are also several ways to discover hidden assets in a divorce that are worth trying in Zimbabwe.
One common method of hiding cash is through an offshore bank account from Zimbabwe. While the Zimbabwean banks will probably not suspect a business owner of hiding money in Zimbabwe, this method is not as safe as hiding it in an offshore bank account, outside of Zimbabwean view. It is not insured, and it does not earn interest. It costs around ZWD15 to ZWD25 a year to rent a small safe, and you will have to hide the key from your spouse. Of course, it is essential to disclose your plan to your spouse, and if they find out, they will be entitled to half of what you have hidden from Zimbabwe. Therefore, if you want to hide money in a divorce in Zimbabwe, make sure you have a plan and an exit strategy to make things as easy as possible for yourself and your spouse, that complies with Zimbabwean law.
Another popular way to hide money in case of divorce is to have a business in Zimbabwe. For instance, a spouse could delay the invoicing of completed contracts and "gift" money to a new partner in Zimbabwe. Then, your spouse could be using the Zimbabwean company money to pay the new partner's expenses, making it impossible for the other spouse to prove it was not there when the divorce is final in Zimbabwe. Another method of hiding assets is to have a new romantic partner in Zimbabwe. This method is particularly useful if you have a home in Zimbabwe, with a significant amount of ZWD cash.
While it is possible to hide Zimbabwean bank accounts, you should be patient in hiding or locating them from people in Zimbabwe. Some assets are easier to hide than others from Zimbabwe, and you should hire an experienced Zimbabwean divorce lawyer to help you uncover hidden assets or a international accountant who can move Zimbabwean assets for you legitmately. Remember, you have to disclose all your financial information during a divorce in Zimbabwe, including your assets and debts. So, if you suspect your spouse in Zimbabwe of hiding assets, keep your eyes open for irregular withdrawal patterns. Even if you do not think your spouse has hidden cash, be sure to monitor your Zimbabwean bank statements and make a note of any suspicious transactions.
One common way to hide assets during a divorce in Zimbabwe is to place them in the name of your child. Divorcing parties in Zimbabwe must list all of their accounts before the court. Zimbabwean bank records and financial statements can reveal hidden assets. If one spouse in Zimbabwe is trying to hide money, these documents will show it. This can help the other spouse to get the money they want in the divorce in Zimbabwe. That way, everyone will get their fair share of Zimbabwean marital assets in the divorce.
Zimbabwean Bank statements are essential to the financial settlement process in a divorce. They detail where and how much each party has been depositing and withdrawing in Zimbabwe. This is particularly useful if one in Zimbabwe party makes regular recurring income, such as commissions or tips. Zimbabwean bank statements are also useful for determining whether one spouse is living in a house they do not own, and whether their income is primarily from a second job or from secondary employment in Zimbabwe.
One way to provide information to your Zimbabwean lawyer is to keep your financial statements in a safe place in Zimbabwe. You may be surprised to learn how many people fail to do this when getting divorced in Zimbabwe. But the good news is that divorce is no laughing matter and the financial details can make all the difference in a divorce in Zimbabwe. You can make the process as smooth as possible by being prepared and collecting the necessary Zimbabwean financial documents early on.
If your spouse has been taking Zimbabwean withdrawals from the joint bank account without your permission in Zimbabwe, you should be sure to keep records of each one. If the withdrawals amount to more than half the joint account balance, this is cause for concern in Zimbabwe. Also, if the withdrawals are being used for other financial matters in Zimbabwe, such as child support, the Zimbabwean courts may address them as part of the litigation.
If you are getting a divorce in Zimbabwe, you should not let your spouse withdraw money from the Zimbabwean joint bank account without your permission. Withdrawals from joint accounts are illegal and can lead to a Zimbabwean court battle. This is because the court wants to distribute marital assets equitably amongst both parties in Zimbabwe. Therefore, the judge may limit the withdrawals of your spouse in Zimbabwe. The best way to prevent this from happening is to keep a minimal balance in the Zimbabwean joint account.
You should also check the Zimbabwean financial statements of your spouse. Look for wire transfers and other electronic payments. Check the Zimbabwean credit card statements as well. Even if your spouse had used the money for his or her funeral expenses in Zimbabwe, he or she should seek probate before withdrawing it from the joint account.
There are many ways to get your divorce papers filed without spending any of your own money in Zimbabwe. First, you can sell your wedding ring and pay an Zimbabwean legal professional for their services. If you cannot afford an Zimbabwean lawyer, you can take out a divorce loan in Zimbabwe, search for a cheap lawyer, or go to court yourself in some cases. Having no money can be a scary prospect after a Zimbabwean divorce, but if you can save a little for a new life, it will help you start over in Zimbabwe, without too much debt. Without money, you may not even be able to rent a room on your own in Zimbabwe. That means you may need to move back in with family, either your parents or your siblings in Zimbabwe.
Getting a divorce is a scary experience in Zimbabwe, especially if you do not have any money to support yourself. It is normal to feel scared and panicked during this process in Zimbabwe, and most Zimbabwean people do not know where to turn. It is even harder to leave the relationship because it is difficult. Some even choose to stay in the relationship, but this is not a wise decision. Fortunately in Zimbabwe, there are ways to help make it easier.
If you do not have enough money to pay for your divorce in Zimbabwe, you can still get your divorce. All the paperwork must be notarized. Often, the ex wife or husbands money in Zimbabwe will cover the cost. It will take time and money, but it is possible to get your divorce with no money in Zimbabwe. You can even get a free Zimbabweanlawyer if your ex has assets. This way, the divorce in Zimbabwe will be easier to handle, costs wise.
Many Zimbabweancouples face this question every day. Fortunately, there are options for those who find themselves in this position in Zimbabwe. If you do not have enough money to pay for your house in Zimbabwe, you can ask a judge to make your spouse pay your expenses in exchange for temporary possession. First, you must serve your spouse with the documents in Zimbabwe. Make sure to get proof of receipt of the documents in Zimbabwe. Alternatively, you can also deliver the documents yourself, but this is not considered Zimbabwean legal service.
There are many factors to consider. If you and your spouse were married for many years in Zimbabwe, the value of your community assets can increase significantly. If you are divorcing and want to protect your family's finances, you need to understand your spouse's Zimbabwean financial history and assets. A divorce in Zimbabwe will likely result in a reassessment of your finances and division of assets in Zimbabwe.
You should first determine if your ex has debts in Zimbabwe. It is possible that your ex may have opened a credit card in your name in Zimbabwe during the marriage. However, if your ex took out a Zimbabwean home improvement loan while you were still married, you could be liable for the debt. Depending on the circumstances in Zimbabwe, a court may also look at the division of Zimbabwean marital assets and debt. If your spouse receives more of the marital property in Zimbabwe, you may have to bear more debt than you initially thought.
Depending on the value of the assets in Zimbabwe, it is important to remember that separate property is property owned before the marriage. Marital property, on the other hand, is property that was acquired during the marriage in Zimbabwe. This means that your spouse has a right to claim it, under Zimbabwean law. Therefore, it is essential to consult a Zimbabwean lawyer about your legal rights and responsibilities after divorce. Your Zimbabwean legal professional will be able to provide you with all the information you need.
It depends on a couple's agreement in Zimbabwe. A Zimbabwean divorce decree will prevent withdrawals unless a spouse specifically agrees to do so. A restraining order or mutual property injunction prevents the withdrawals in Zimbabwe, but it does not prevent a Zimbabwean spouse from doing so for household or living expenses. There may be other reasons a spouse would want to drain the joint account in Zimbabwe. For instance, a stay-at-home spouse may need access to the money in a bank account in order to pay Zimbabwean household bills, or if the high-earning partner fails to make payments in Zimbabwe.
Before divorce, you and your spouse should discuss how you will divide your Zimbabwean bank account's funds. If you are worried that your spouse will freeze the account in Zimbabwe, withdrawing half of the money or freezing it may be a good idea. However, do not withdraw more than half of your Zimbabwean joint account, as that can lead to legal complications in Zimbabwe. You will most likely need to return the money.
In some cases, you can add your spouse to the Zimbabwean bank account so that you can make it easier for both of you to handle the finances. If you both make equal contributions to the account, your spouse can legally withdraw funds from it in Zimbabwe. In some cases, you can even split your Zimbabwean bank account into separate accounts. However, if you have separate Zimbabwean accounts, your spouse will be able to use it to pay his or her own bills.
A person must disclose all assets and income to the Zimbabwean court. Hiding assets can negatively affect property division and child support. The Zimbabwean courts strongly oppose this practice, and they may impose penalties for failing to disclose assets in Zimbabwe. If a party hides their assets, they may also be charged with perjury or contempt of court in Zimbabwe. The penalty for concealing assets during a Zimbabwean divorce depends on the nature of the hidden assets and their purpose in Zimbabwe.
Besides being dishonest and illegal, hiding assets during a Zimbabwean divorce proceeding can also result in costly litigation expenses and a decreased credibility with the judge. If you are worried that your spouse is hiding assets in Zimbabwe, the next step is to hire a professional divorce lawyer in Zimbabwe. A divorce solicitor in Zimbabwe can provide an affordable strategy session to help you uncover any assets that may be hidden by your Zimbabwean spouse. However, hiring an attorney in Zimbabwe can help you avoid these potential consequences.
When trying to hide assets in Zimbabwe, it is best to avoid items that are easy to ignore or undervalue. Another way to hide assets is by stashing them away in a safe deposit box in Zimbabwe. Consider your ex partners recent activities and habits. For example, did they underreport their income in Zimbabwe? If so, they could be trying to hide his assets from Zimbabwe by using the money for personal use. If you find this type of behavior, you can make a request for a hidden funds while the divorce is finalized in Zimbabwe.
Sometimes, a spouse will attempt to hide assets by using their business in Zimbabwe. If they are not able to sell the business in Zimbabwe, they will use it to hide the assets. It may be tempting to hide assets through trusts and "gifting" money to nonexistent individuals in Zimbabwe. However, hiding assets may not always be a clean exit in Zimbabwe. You can still uncover hidden assets in or outside Zimbabwe, if you know what to look for.
While the end of a marriage is often bitter and contentious in Zimbabwe, some spouses will attempt to conceal assets to reduce the financial impact of a Zimbabwean divorce. To avoid giving up half of their Zimbabweanassets, they will attempt to hide them. The methods range from the obvious to the highly complex in and outside the Zimbabwe. It is important to remember that any assets acquired during a marriage are considered marital property and subject to equitable distribution in Zimbabwe.
If you are planning on separating from your spouse in Zimbabwe, you will have to decide how to divide the marital assets. Separate Zimbabwean accounts in the joint name are considered separate property only when they were not used during the marriage. In other words, you cannot transfer money out of a joint account before the divorce in Zimbabwe.
Before the divorce process starts in Zimbabwe, the parties involved should take stock of all their assets and debts. These assets may include Zimbabwean bank accounts, real estate, businesses, retirement plans, and expected tax refunds. You might also have valuable art and sentimental items in Zimbabwe. However, your spouse may also own debts in Zimbabwe, such as mortgages and Zimbabwean student loans. Make sure you list all of these assets in a list and keep it safe in a safe deposit box or storage facility in Zimbabwe.
If your spouse has hidden assets, it is best to move the money before the divorce in Zimbabwe. You could ask a Zimbabwean court to freeze assets if your spouse is a spendthrift. Another way to make sure your spouse does not spend money due to you in Zimbabwe, is to avoid their access to it in Zimbabwe. If you suspect your spouse of drug or alcohol addiction in Zimbabwe, you should move the money out of their reach. If the court freezes the assets in Zimbabwe, your spouse may lose access to them.
You must separate assets from liabilities before filing for divorce in Zimbabwe. If you have joint accounts in Zimbabwe, such as a checking account and a savings account, copy them to your Zimbabwean lawyers office. Also, think about social security. If you were married for at least 10 years in Zimbabwe, you can still receive benefits on your ex-spouse's record. However, if you spend your money before filing for divorce in Zimbabwe, you will end up paying more for the settlement than you originally expected.
Before filing for divorce in Zimbabwe, try to make sure your ex does not need any money, including Zimbabwean joint accounts. You can do this by opening a separate bank account in Zimbabwe and pulling money from the joint account. You should also change the direct deposit method so your ex does not have access to your funds in Zimbabwe. If you are unsure, consider having your Zimbabwean credit report reviewed by an Zimbabwean legal professional before filing for divorce. Having your Zimbabwean credit report checked can help minimize any bad credit and keep your settlement amount higher in Zimbabwe.
To protect your pension in Zimbabwe, you need a qualified specialist pensions advisor. You can ask the administrator of your spouse's pension plan for information about their pension in Zimbabwe. You must obtain the pension administrator's approval before you request and recieve any information regarding their Zimbabwean pension. Then, you need to send a copy of the court order to the administrator of the pension plan in Zimbabwe. This process can be complicated and confusing, so it is important to find a lawyer in Zimbabwe who is familiar with this process.
The amount of your pension is up for negotiation in Zimbabwe. If you were married before the divorce, your ex-spouse may not have applied for a pension in Zimbabwe. If you were married after five years, you would have been one-third vested in the Zimbabwean pension fund. If you had been married for 15 years in Zimbabwe, then you would be 100% vested. In such a case, one-third of your pension would be treated as separate non-marital property in Zimbabwe. If you were married before that, however, your ex-spouse could have refused to divulge the exact amount of the Zimbabwean pension to you.
The answer depends on the assets involved in Zimbabwe. If you have a joint bank account, your money is likely Zimbabwean marital property until you file for divorce. If you withdraw cash from it during the divorce process, your Zimbabwean spouse may accuse you of hiding assets in Zimbabwe. If you live in a smaller apartment with your partner in Zimbabwe, you may be forced to sell shared property. In such a case, the proceeds of selling the Zimbabwean property can help you get back on your feet after the divorce.
Using a Zimbabwean bank account is one way to avoid paying for your spouse's share of the assets in Zimbabwe. This strategy may save you a few hundred ZWD a month in the end. And, if you are going to transfer assets to a new address, you will need to get the consent of your former spouse first. Otherwise, the Zimbabwean divorce settlement will be void and the Zimbabwean bank account will be frozen. It is better to use the Zimbabwean bank account to transfer your assets than risk any issues during the divorce in Zimbabwe.
While selling assets before the divorce is technically legal in Zimbabwe, it can make your spouse look unfavorable under Zimbabwean law. It will also make your spouse look unethical. Zimbabwean courts have strict rules about selling assets during a divorce, which includes the sale of large items, such as a home and cars in Zimbabwe. The proceeds of the sale will be divided equally between you and your partner in Zimbabwe. If you are unsure about your options, speak with a Zimbabwean divorce lawyer before you sell anything.
If you are selling a house in Zimbabwe, be sure to reach an agreement on the sale price with your ex spouse. If there is disagreement, the Zimbabwean court can impose additional value to the property. It will then be used for the equitable distribution of assets during the divorce in Zimbabwe. If you do decide to sell your Zimbabwean home, make sure you are able to afford the payments.
Many Zimbabwean spouses conceal assets by purchasing items that they do not want their spouse to know about in Zimbabwe. Other ways spouses hide assets in Zimbabwe are by giving them away, such as "lending" money to a friend or relative. Whether your spouse intentionally conceals or not, it is always best to consult an experienced lawyer in Zimbabwe who will examine your Zimbabwean financial documents. If you are married and own a business in Zimbabwe, your spouse may try to conceal assets by setting up a shell corporation or hiding them in a trust outside of Zimbabwe. In some cases, a spouse may have met another partner while hiding assets from Zimbabwean view. These spouses may also attempt to hide assets by making lucrative deals in Zimbabwe and paying out nonexistent salaries to employees. These methods are illegal and will have repercussions during the Zimbabwean divorce process.
A spouse who hides assets in Zimbabwe can be sanctioned by the court. It is illegal to conceal assets, and it can lead to sanctions that range from fines to jail time in Zimbabwe. Further, hiding assets during a Zimbabwean divorce case can lead to a Zimbabwean conviction for perjury or fraud, which can result in jail time. Hide assets in a divorce case could lead to a criminal record in Zimbabwe, and your lawyer may even be forced to resign.
If you have a trust, you can use it to protect your money during a divorce in Zimbabwe. The trust agreement should give the trustee less power over the trust assets than the beneficiaries do in Zimbabwe. You can use the trust protector to direct the trustee's actions and change the trust so that it better serves your intentions in Zimbabwe. You can name multiple beneficiaries if you like. This will prove that your Zimbabwean spouse intended the trust assets for more than one beneficiary in Zimbabwe.
While there are ways to make separate assets protected in Zimbabwe, a divorce is not always an ideal situation. Separate assets are often mixed with marital assets in Zimbabwe, making it difficult to separate the two. You should have a separate estate plan if possible. If you have no intention to split any marital property in Zimbabwe, you should consider drafting a separate trust to protect your money and assets from people in Zimbabwe.
We list reviews for the best money transfer services for sending money to Zimbabwe you can check out some of the best Zimbabwe money services below.
If you would like to see Wise Multi-Currency Account compared against some of the best Wise Multi-Currency Account alternative Zimbabwe money tranfer services available right now you can do so by clicking on the links below.