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
A place to look for hidden money
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
Undisclosed assets after divorce
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
Texas divorce FAQ: I have some cash that I don’t want to tell my spouse about. Can my lawyer help me hide it?
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?
Texas divorce FAQ: How do I prove that my spouse is hiding money?
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?
What’s Ours Is Mine: Signs Your Spouse Might Be 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
Alter Ego and Piercing the Corporate Veil in the Context of Divorce
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
Hidden Assets in Divorce
Frequently we are asked what recourse is available when one spouse attempts to hide assets of the marital estate during a divorce. Not only is such conduct highly unethical, it is fraudulent as well. Typically a forensic accountant is called in to help search for hidden assets. In our experiences, here are some reoccurring methods used to hide assets:
Continue Reading Hidden Assets in Divorce