You and your soon-to-be former spouse have laid your marital assets on the table and now it’s time to divvy up who gets what in your divorce. During this part of the divorce process — negotiating distribution of joint assets — be aware that any missteps you make can turn what could have been a fair settlement into one that puts you at financial risk. With the stakes this high, what traps should you be on the lookout for? Here’s how to avoid three common asset division mistakes. Read more
Concerned that your spouse may be hiding assets during your divorce? If you are a spouse who was not privy to certain aspects of your joint finances during marriage, or you find that your spouse has displayed certain red flag behaviors, questions about whether that spouse may be misappropriating or hiding money or other assets may be a concern.
Here are some answers to some of the most commonly asked questions we hear: Read more
Off the slopes and away from the rink, the Sochi Winter Olympics features a very fierce battle being waged. However, this race is not for a gold medal, it’s a divorce dispute involving Russian billionaire Vladimir Potanin, who is said to have funded the bulk of the Sochi Games and Natalia Potanin, his wife. Read more
Is your soon-to-be ex-husband or ex-wife keeping you in the dark about hidden assets they don’t want divvied up in the divorce?
Maybe you’ve picked up some subtle (and not-so subtle) clues that all is not what is seems, such as bank statements that no longer show up at the house, or the amount in your bank account seems lower than it should be, or your spouse’s behavior has become overly combative when the topic of your joint finances comes up. Read more
While the law requires both parties in a divorce to disclose all assets and sources of income (declared in the New Jersey Case Information Statement), unfortunately, not all spouses are completely forthcoming regarding financial matters. Suspicious that your spouse is hiding assets or extra income? Conducting a lifestyle analysis or requesting a formal accounting of financial records may be necessary in some cases to get a clear picture of personal and joint finances. But for many couples, a spouse’s hidden assets may actually be hiding in plain sight. Read more
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