Married couples with high net worth often store money in overseas accounts or have a stake in offshore businesses as a tax shelter. Often one spouse may have brought the assets into the marriage and wishes to maintain it as separate property. In many cases, the spouse who controls the financial dealings in the marriage may hide asset from the other spouse. In the event of a divorce, it is required by law to disclose all assets for characterization as either separate property or marital property. The primary concern for the other spouse is knowing where to uncover the overseas asset and extracting it for characterization and equitable distribution.
If you are fighting to protect your financial interests in a divorce, will your lawyer have the skill and experience to handle issues related to overseas accounts? At the firm of Jonathan D. Katz, Attorney at Law, I have been representing clients with high net worth in divorces throughout New York for more than a quarter of a century. I offer the resources and knowledge to determine the full and appreciated value of the overseas investment and investigate the extent the property should be characterized as separate or marital property. I rely on my own extensive experience, as well as the experience and specialized knowledge of independent professionals, including business valuation experts, forensic accountants and professionals with skills in all areas of international bank accounts and foreign investments.International Divorce Lawyer Helping Clients in Kingston, New Paltz, & Hudson Valley
Many family law attorneys turn their backs on cases involving complex international divorce laws and high net worth clients. I have worked with many couples whose divorce property settlements included international divorce and marital property laws and overseas assets.
I have extensive experience representing clients whose property interests include overseas assets. I understand the issues involved, including:
- Uncovering hidden assets in offshore accounts
- Investigating the full value of the overseas asset
- Transmutation of separate property and appreciated value of the commingled assets
- Liquidating the financial interest for equitable distribution
- International tax concerns