If you were a person who invested $80 in Bitcoin in the year 2010, do you think you would have imagined those 1,000 bitcoins being worth $50 million today? And if you were a spouse to someone who spent $80 on Bitcoin during your marriage, would you want your fair...
high net worth divorce
How do forensic accountants find hidden assets?
In Massachusetts, divorcing spouses have a legal obligation to disclose all assets and debts both to each other and to the court. This disclosure is essential in ensuring that each spouse receives an equitable share of the marital estate. Unfortunately, your spouse...
3 signs your spouse may be hiding assets
If you have not worked during your marriage, you may have some concern about supporting yourself financially after your divorce. Fortunately, in addition to receiving an equitable share of the marital estate, you may be eligible for either short- or long-term spousal...
What are the penalties for hiding assets?
Divorcing couples in Massachusetts already have a lot on your plate. The higher your joint assets are, the more complex your divorce is. Some people may get the idea that higher assets means things are easier to hide. In other words, they use it as an opportunity to...
How can I claim the home during my divorce settlement?
Divorce requires some financial strategy, especially during asset division. But splitting a home can come with extra challenges. As couples can't usually own a home separately, typically, only one spouse gets to keep it. Judges consider many factors As Massachusetts...
Have you taken steps to protect your business during divorce?
Not only have you just gotten married, but you have also started establishing your very own Massachusetts-based business. Do you know what would happen to your organization if you and your new spouse were to divorce later on? While it may be too late to use a...
How much are your antiques really worth?
As part of the numerous items that you and your spouse have accumulated over the years, you likely have several antiques. Or at least you have old things that you believe to be valuable antiques. You will need to equitably divide these things, plus the rest of your...
High-asset divorce and financial topics
Those with a high net worth may have many a number of concerns that keep them up at night when it comes to the end of a marriage, whether they are overwhelmed by stressors related to running a business or playing a key role in their company's success. They may be...
Change in tax code will affect high net worth divorce
Up until the 2018 tax season, alimony payments were tax-deductible. However, the Tax Cuts and Jobs Act changed things for couples whose divorces involve alimony payments. Alimony payments for divorces finalized in 2019 or later can no longer be deducted from tax...
Should I hire a forensic accountant?
Sadly, high asset divorces in Concord do not always proceed smoothly and honestly. Sometimes one spouse will try to conceal money and other assets so that the other spouse does not receive a portion of them in a divorce judgment. Not all divorcing spouses understand...