By Lawrence S. Katz | Published December 7, 2022 | Posted in Divorce | Tagged Tags: overseas assets, property held abroad, valuation of assets | Comments Off on Dealing With Overseas Assets During a Divorce
Many Americans hold substantial assets in foreign countries for various reasons. High-net-worth individuals often keep assets abroad for favorable tax treatment or to protect their wealth, since property held in foreign countries cannot easily be seized by U.S. based creditors or claimants. Sometimes, people illegally hide their wealth from domestic taxing or law enforcement authorities. Read More
Read MoreUnwinding a marriage means separating finances and working out parental time-sharing arrangements if children are involved. All of these are difficult enough on their own, but things can really get complicated when the divorce proceedings are international in scope. International divorces are those in which one of the spouses is a citizen of another country, Read More
Read MoreDivision of assets can be one of the most contentious issues during a divorce. Unless you have a prenuptial agreement, Florida law requires a fair division of marital assets and liabilities. This division becomes problematic, however, when one partner hides assets from the other. Under Florida’s equitable distribution law, each party to a divorce has Read More
Read MoreDuring a crisis such as the COVID-19 pandemic, family becomes more important than ever, especially for children whose schedules have been disrupted by long-term school closures and the cancellation of other activities. Parents who are divorced or live apart for other reasons know the importance of maintaining healthy communication through difficult situations. Though this situation Read More
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