Trusts and offshore accounts controlled by a shadowy company. These financial tricks were once the stuff of spy movies—but today they have become commonplace when it comes to financial planning by very wealthy individuals. And increasingly, say divorce attorneys, they are gaining traction as a way for rich people to hide money from their partners.
Pay attention to so-called secret trusts, attorneys told Fortune. Though the exact structure can differ, secret trusts don't need to be disclosed even to the beneficiaries for a set number of years. Instead, they work by having the trust's creator assign a secret trustee whose job is to ensure that the gift goes to the intended beneficiary.
