April 09, 2011 (Press-News.org) Spouses must address many difficult issues when going through divorce, including child custody, child support and alimony. In addition, the division of assets and debts can be challenging, particularly if a spouse is hiding assets.
In many marriages, one spouse handles all financial matters while the other is not involved, not informed and possibly not even interested in money management. This may work well during the marriage, but during divorce both spouses need a full and accurate understanding of each other's assets and liabilities.
Hidden assets can affect the division of property and the amount of alimony ordered by a judge. Whether the deception stems from greed, fear of not having enough money or other reasons, it is illegal. If you suspect your spouse is hiding assets, take the following steps:
Gather Past Tax Returns
If you and your spouse filed taxes as a married couple and you signed the tax returns, you have legal access to your tax records. Use past tax returns and accompanying bank- and retirement-account statements to measure income over the past few years. If your income decreased, or if bank or other financial statements are no longer mailed to your home, it is possible that assets have been diverted.
Look for Undisclosed Savings Accounts
Sometimes people open savings accounts in their children's names to hold cash or conceal income obtained through hidden assets. The funds in or interest earned on these accounts may not be included in tax returns because the accounts are in children's names and tax returns were not filed for them.
Watch for Intentional Overpayments
To temporarily relocate funds during a divorce, some people pay too much money to the Internal Revenue Service or other creditors. The overpayments eventually will be refunded, but due to long processing periods, the refunds likely will come after the divorce is finalized.
Hidden assets result in unfair divorce settlements. If you think your spouse may be concealing money or falsifying financial records, contact a knowledgeable divorce attorney to discuss your legal options.
Article provided by Law Offices of John A. Guthrie
Visit us at www.johnaguthrielaw.com
Getting a Divorce? Watch Out for Hidden Assets
Hidden assets can affect the division of property and the amount of alimony ordered by a judge. If you suspect your spouse is hiding assets, take these steps.
2011-04-09
ELSE PRESS RELEASES FROM THIS DATE:
Automobile Black Boxes: A Reliable Source of Motor Vehicle Accident Data
2011-04-09
The Motor Vehicle Safety Act of 2010, which would have made "black box" technology mandatory in all vehicles sold in the U.S. by 2015, never made it beyond committee approval in the House of Representatives. Nonetheless, the National Highway Traffic Safety Administration estimates that event data recorders (EDRs), which store data on a vehicle's speed, braking activity, engine RPMs and sometimes even seat belt use, are installed in 85 percent of all cars currently on American roads.
This advanced technology can prove extremely useful in motor vehicle accident litigation, ...
A Primer on California Whistleblower Protections
2011-04-09
Merriam Webster's dictionary defines a whistleblower as "one who reveals something covert or who informs against another." This definition perfectly describes an insider informant who, at great risk to him or herself, tells others -- even higher-ups in the same company or agency -- about illegal or improper activities taking place there.
California Labor Code Section 1102.5 is expansive. It protects employees against retaliation for even internal whistleblowing. An employee need not report the activity to the government or an outside agency.
Remember too that California ...
Pennsylvania Driving Laws Among Loosest in the Nation
2011-04-09
Pennsylvania Still Debating Distracted Driving Laws
A respected nonprofit safety organization, the Advocates for Highway and Auto Safety, has issued a report saying that Pennsylvania is one of seven states that have a "dangerous lack of basic laws" regarding driving safety. This suggests that the state is missing many good opportunities to reduce the number of car accidents.
The report ranked individual states based on the number of recommended laws each had enacted. States could receive a green (good), yellow (average) or red (poor) ranking. Eight states had green ...
Consent is Not a Defense to Aggravated Lewd Conduct on a Child Under Age 14
2011-04-09
In People v. Soto, the California Supreme Court has clarified the case law interpreting section 288 of the Penal Code. In People v. Soto, the California Supreme Court has clarified the case law interpreting section 288 of the Penal Code. The court held that consent by a child 14 years and younger cannot be a defense to an aggravating charge of committing a lewd or lascivious act by force or duress.
California law, in section 288(a) of the Penal Code, prohibits lewd acts with a child 14 years or younger; California law classifies lewd conduct as a sex crime. Section 288(b)(1) ...
Radisson Blu Hotel Bristol Unveils Recent Upgrades
2011-04-09
Radisson Blu Hotel Bristol has unveiled its recent upgrades marking the official completion of Bristol's most recently opened hotel.
The final phase of the hotel's construction started in June 2010 and was officially completed just before Christmas. Customers have already given excellent feedback about the hotel's new look.
Radisson Blu Hotel, Bristol director of sales and marketing, Kathrin Cockhill commented: "We are very pleased to celebrate the official completion of the hotel. We believe these finishing touches deliver what our customers expect from a Radisson ...
Online Casino Now Also with an English Version
2011-04-09
The newly-launched English version of Casino Online is full of all kinds of online gaming articles, reviews and blogs and also share people's experiences on how they have profited by playing online gambling. Millions of players from all countries prefer to gamble without leaving the comfort of their house and that is why online gambling is growing day by day. In this modern era people glued to gambling websites from computers, laptops and even mobile phones and love to play online gambling games like slot machines, roulette, video poker and so on.
People love to visit ...
Tails Wag in the Capital for a Grand Day Out with Wallace and Gromit
2011-04-09
London's dogs' tails will be wagging this week as they are invited to join one of the world's most famous dogs on Sunday for 'A Grand Day Out' in Battersea Park sponsored by Foresters the international, financial services organisation.
Wallace and Gromit will be at Battersea Park on Sunday April 10th from 11am to take part in A Grand Day Out which will raise money for two charities - the Kennel Club Charitable Trust and Wallace & Gromit's Children's Foundation.
There will be tea and cake from Yorkshire tea available for everyone who participates in this family- and ...
Join the Grand Slam of Slots II Tournament at All Slots Casino
2011-04-09
Join the Grand Slam of Slots II Tournament at All Slots Casino
Want to win a shot at winning $2.43 million in gold bullion? How about some $290,000 in additional prizes? That's what you get if you win the Grand Slam of Slots II tournament that's taking place right now at the All Slots Casino. To help people qualify for the Grand Slam of Slots II final and get a shot at the big prizes, All Slots Casino is sponsoring a series of free slots tournaments from now until May 23. Winners of the tournaments get a free ticket to the main event, which runs from May 27 to June 6. ...
Ethos Enviromental Inc Announces its Next Major Product from the Regeneca Line: Regenerect; An All-Natural Male Enhancement Supplement That is Poised to Take the Market by Storm
2011-04-09
Everyone knows that a satisfactory love life is a crucial component of a healthy life. Having this regular bond of intimacy can counter the negative effects of stress, burn a few calories, and even help you lower your blood pressure. And besides all that, a confident mind can make you feel more intimately connected with your partner. It can boost your mood, bust your stress levels, improve your relationship, and enhance your health.
But sadly, some men feel that they are not able to take advantage of the many benefits of intimate relations. The ability to perform is ...
Traveling to New Jersey, New York and Hosting Investors from Australia All in a Normal Week for Memphis Investment Property Company Memphis Invest
2011-04-09
Memphis Invest, GP has quickly earned the reputation as one of the premier investment property providers in the nation and the schedule they are keeping this weekend is a great example of just how well known the company and the city of Memphis are becoming.
"We are traveling to New Jersey and New York this weekend with part of our team while much of our team is back in Memphis hosting investors from Australia," stated Kent Clothier, Sr., the founder and father of this family-owned real estate investing company. "We have worked very hard over the past six months training ...
LAST 30 PRESS RELEASES:
Scientists unlock secrets behind flowering of the king of fruits
Texas A&M researchers illuminate the mysteries of icy ocean worlds
Prosthetic material could help reduce infections from intravenous catheters
Can the heart heal itself? New study says it can
Microscopic discovery in cancer cells could have a big impact
Rice researchers take ‘significant leap forward’ with quantum simulation of molecular electron transfer
Breakthrough new material brings affordable, sustainable future within grasp
How everyday activities inside your home can generate energy
Inequality weakens local governance and public satisfaction, study finds
Uncovering key molecular factors behind malaria’s deadliest strain
UC Davis researchers help decode the cause of aggressive breast cancer in women of color
Researchers discovered replication hubs for human norovirus
SNU researchers develop the world’s most sensitive flexible strain sensor
Tiny, wireless antennas use light to monitor cellular communication
Neutrality has played a pivotal, but under-examined, role in international relations, new research shows
Study reveals right whales live 130 years — or more
Researchers reveal how human eyelashes promote water drainage
Pollinators most vulnerable to rising global temperatures are flies, study shows
DFG to fund eight new research units
Modern AI systems have achieved Turing's vision, but not exactly how he hoped
Quantum walk computing unlocks new potential in quantum science and technology
Construction materials and household items are a part of a long-term carbon sink called the “technosphere”
First demonstration of quantum teleportation over busy Internet cables
Disparities and gaps in breast cancer screening for women ages 40 to 49
US tobacco 21 policies and potential mortality reductions by state
AI-driven approach reveals hidden hazards of chemical mixtures in rivers
Older age linked to increased complications after breast reconstruction
ESA and NASA satellites deliver first joint picture of Greenland Ice Sheet melting
Early detection model for pancreatic necrosis improves patient outcomes
Poor vascular health accelerates brain ageing
[Press-News.org] Getting a Divorce? Watch Out for Hidden AssetsHidden assets can affect the division of property and the amount of alimony ordered by a judge. If you suspect your spouse is hiding assets, take these steps.