When it comes to high asset divorces, financial honesty is the name of the game. Spouses that misrepresent how much they earn or possess in assets can end up with a stiffer asset division or increased child support or alimony payments. While some New York spouses try their best to conceal their wealth, sometimes it can slip out on social media, not just on Facebook or Instagram, but through other modes of digital communication.
According to the Huffington Post, people who claim a modest income to avoid child support or asset division may be in for a rude surprise if they reveal their true financial status through pictures on their social sites. Taking a vacation picture at a luxurious locale may invite questions about how the spouse paid for the trip. Pictures of expensive purchases can also be a tipoff that a spouse is richer than he or she is letting on.
People may feel more secure about chatting about their wealth through email or text messaging. However, courts accept emails and texts as evidence, and judges may subpoena them if they feel it is necessary. So if a spouse is downplaying his or her financial standing but brags about a high paying bonus or a new job with great benefits in email or texts, this information can be presented in court as evidence of the spouse’s true financial status.
Some spouses are eager to get back into the dating game even before the divorce is complete by posting a profile on a dating site. However, posting a dating profile before the divorce is finalized just makes a spouse look like a cheater and can impact the spouse negatively in court. Also, some people puff their dating sites to make themselves look wealthier or more appealing, but this can create problems if the spouse said one thing in court but another on the dating profile.
A good rule of thumb is to not say anything online that you would not want repeated in court. Even innocent parties may find something that they said on the internet mischaracterized in court, which can lead to increased alimony or loss of property. Because high asset couples may have differing needs in divorce, only read this article as general information and not as legal advice.