Tag Archives: Trusts
How does a divorcing spouse hide assets at trusts? The spouse hiding assets first forms a trust. Next, this spouse fraudulently transfers assets part of the marital estate, to the trust. The spouse hiding assets can also take money from the marital estate & use it to make purchases in the name of the trust. …
The post Divorce & Hidden Money: Recovering Assets At Trusts appeared first on Asset Search Blog.
A) HOW MONEY IS HIDDEN IN OFFSHORE TRUSTS Your divorcing spouse may be hiding assets at an offshore trust. Your divorcing spouse may secretly transfer marital assets to the offshore trust. The divorcing spouse could also make new purchases through the offshore trust. The trust could purchase: real property; jewelry; valuable automobiles; and almost anything…
A divorcing spouse; judgment creditor; bankruptcy creditor; or a beneficiary under a trust or will; may face an adversary hiding assets through nominees (i.e. intermediaries). See cf., Fourth Inv. LP v. United States, 720 F.3d 1058, 1070 (9th Cir. 2013) (six-part test for nominee ownership applied to tax lien case). An adversary can hide real estate, automobiles, jewelry; and offshore bank accounts […]
My post “Four Asset Concealment Tools” says that assets can be hidden by fraudulently transferring them to a trust. This 15th post in the “Divorce & Hidden Money” series concentrates on the evidence a divorcing spouse might try to collect if marital assets are concealed by a trust. A spouse can use the pretrial discovery phase of a […]
This is the fourth post in the “Divorce & Hidden Money” series. Mr. Gaston Glock’s creation of the ubiquitous Glock pistol turned him into a billionaire and he is thought to be one of the twenty wealthiest individuals in all of Austria. Mr. Glock’s ex-wife Ms. Helga Glock meanwhile, suspected he is concealing marital assets […]