Divorce and offshore accounts

Divorce and offshore accounts

When a couple decides that their marriage should be brought to an end, many questions may arise, especially those which are financial in nature. For example, people may wonder how much child support they will receive or how much alimony they will have to pay. The distribution of marital property is another financial challenge that often arises during divorce and can be particularly tricky for some couples, especially those who have significant assets. High-asset divorce can be very complicated with respect to the distribution of marital property and some people have additional issues to deal with, such as offshore accounts.

Perhaps you are concerned about how your property will be divided, including your retirement accounts as well as your bank accounts within the country and offshore accounts. Or, perhaps you think that your spouse is hiding his or her assets from you in an offshore account. Some people have hidden assets overseas in order to evade property division and other obligations, such as those involving the IRS. Either way, it is pivotal to take offshore accounts into consideration while working through the process of ending your divorce.

Our law office knows how challenging property distribution can be and some people may feel overwhelmed by the thought of their property being split up. However, it may help to have an idea of what lies ahead and to know your options. Our section which covers high net worth divorce has more material that is related to property division and other facets of family law.

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