Divorce proceedings can often lead to contentious battles over asset division. For the most part, parties go through the process and play by the rules. But every now and then, some individuals attempt to hide assets to gain an unfair advantage. This week we’ll talk about the potential consequences of such behavior and why you
This article is limited to transactions on exchanges only. The next entry will address remainder addresses in non-exchange scenarios.
For a better understanding what cryptocurrencies are, please read the first article in this series, available here: https://www.dallastxdivorce.com/2018/08/articles/articles/cryptocurrency-and-family-law-the-basics-part-1/
Everyone in the world can see when cryptocurrencies are transferred. Public addresses are wallets, and generally remain the
Cryptocurrency and Family Law: The Basics (Part 1)
Cryptocurrencies like Bitcoin and Ethereum are not going away any time soon. Both have been sanctioned by the United States government, and millions of people within our country utilize these electronic currencies every day in a variety of ways. Some use them as vehicles for investment, some
Millennials have grown up, and while they were busy revolutionizing the technology sector with smartphone applications like Venmo, the law has not adapted to the changing realities of how people interact. Venmo is a smartphone app, but it can be used as a tool by devious parties to the detriment of spouses and children. It
I read an article in the Fall 2017 Family Lawyer Magazine (yes, I’m behind on my reading pile) that talks about away to hide income – at the IRS. Husband owed wife spousal support, which was calculated on his actual net income. After receiving a raise, Husband increased his federal withholding taxes above the amount
What happens if, after the divorce is final, a party discovers that the other party failed to disclose certain assets in the divorce proceedings?
Continue Reading Undisclosed assets after divorce
You and your lawyer have an ethical responsibility to be honest, truthful, and fully disclose issues related to the case.
Continue Reading Texas divorce FAQ: I have some cash that I don’t want to tell my spouse about. Can my lawyer help me hide it?
It is standard procedure in a contested Texas divorce for spouses to each be required to file a sworn disclosure of the assets and debts, including financial accounts, of the marriage.
Continue Reading Texas divorce FAQ: How do I prove that my spouse is hiding money?
Divorce can bring out the worst in people or uncover bad behavior that has been there all along…
Continue Reading What’s Ours Is Mine: Signs Your Spouse Might Be Hiding Money
Texas law typically treats corporations, partnerships, and other types of businesses as a separate legal entity – existing apart from shareholders and partners. Because these businesses are separate legal entities, only the spouse’s interest in the corporation, partnership or other business is up for division by the divorce court. This means that specific corporate assets are often off-limits in a divorce action. But, there is an exception to this rule when alter ego can be established.
Continue Reading Alter Ego and Piercing the Corporate Veil in the Context of Divorce
