Fine print doesn’t mean print that’s illegible or incomprehensible, but it’s there for a good reason.
The fine print is where you will often find an important potential marital asset that can easily slip off the net-worth statement divorcing parties need to provide: Restricted stock units (RSU’s).
These are not the same thing as
The New York Times was half right and half wrong when it reported that the boom in “trophy homes in the sky” is over. The right part: It turns out that there is not an inexhaustible supply of people willing to spend $50 million or more on a condominium they may rarely visit.
The wrong
In a dramatic divorce case unfolding in Southern California this week, Hydee Feldstein, a retired partner at a large law firm, accused her ex-husband Peter Gregora of stealing $20 million of the couple’s money over the course of their marriage. Feldstein claims Gregora hid the money in secret offshore companies, investment funds, and, in by
This week, the U.K. Supreme Court is reviewing the cases of Alison Sharland and Varsha Gohil to determine whether a spouse can reopen a divorce case in instances of fraud or misrepresentation after the parties have reached a settlement agreement.
Sharland contends that her husband misled her into believing that his software company was worth
Grammy award winner Ne-Yo and several professional athletes are among those set to testify in federal court against the principals of Ohio-based sports drink company Imperial Integrative Health Research & Development. Preston Harrison and Thomas Jackson are charged with defrauding investors out of $9.5 million.
According to media reports, Former Apple CEO John Sculley is currently being sued by his ex-wife, of 32 years, Carol “Leezy” Sculley, for allegedly hiding more than $25 million in assets from her at the time of their divorce. Sculley and Leezy settled their divorce in 2011, but Leezy claims that Sculley hid more
According to several media reports, former Anglo Irish Bank chief executive, David Drumm was recently denied a bankruptcy discharge by a judge in Boston. Drumm appealed the ruling on Friday. Not only did the judge keep Drumm on the hook for $10.5 million euros in debt, but he released a 122-page judgment with damning
In a country in which people can form a company in minutes over the internet, it’s amazing to us how many asset searches proceed on the basis that you only need to look for property owned directly by a person.
So often, we find that someone can truthfully state at a deposition that he owns
A London judge has ordered oil trader Michael Prest to pay his wife over $600,000 in support and alimony payments or face jail time. Prest’s case gained attention last year for a landmark U.K. Supreme Court ruling permitting Yasmin Prest to pierce the corporate veil to reach assets that Michael had placed in trusts held
It’s everyone’s favorite or least favorite day of the year—tax day. While some people are rejoicing about their anticipated refund check, others are reluctantly handing money over to the government. Here, we’re thinking about the wealth of infor
mation tax returns hold and how we regularly use them in our asset searches.
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