Overseas Assets May Be Marital Property
Married couples with high net worth can often store money in overseas accounts or have a stake in offshore businesses as a tax shelter. Sometimes, one spouse may have brought the assets into the marriage and wishes to maintain it as separate property. In other situations, 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 Stange Law Firm, PC, we can help you with your high asset divorce. We have 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. We 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.
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.
We 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 assets
- Liquidating the financial interest for equitable distribution
- International tax concerns
Stange Law Firm, PC offers its website visitors information on our site regarding high asset divorce, family law, and other related matters. You can read articles on divorce, view informational videos, listen to our podcast or download our mobile application.
Questions About Overseas Assets In Divorce? Call Today
Contact us online or by phone to schedule a confidential half-hour consultation at any of our convenient locations. Our law firm serves clients throughout Missouri and Illinois in the Midwest in cities such as St. Louis, Kansas City, Columbia, Springfield, and beyond.