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
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