Disposal of Properties before Divorce
I've seen many cases whereby a spouse dispose his/her properties before the anticipated divorce to defeat potential claim for division of matrimonial assets by his/her spouse.
They failed to realize that by disposing properties before divorce they are actually accountable for such disposal or risk of having the disposed properties be divided as well. Never think that because you have sold it off to a third party, the property can no longer be transferred back to your spouse and such you have escaped from dividing the sold property to your spouse. That's very WRONG.
The Malaysia Court has in numerous cases ordered for the spouse (who disposed the property) to pay a portion (or half) of the share of the proceeds in cash to the his/her spouse.
The transfer of properties is not limited to tangible assets such as houses, but also intangible assets such as shares.
If you or your spouse have disposed any properties before divorce, book a consultation with our divorce lawyer immediately by clicking here.