Protecting Individuals, Families And Children Every Step Of The Way

For More Than 20 Years
Home » Property Division » When asset protection takes on a sinister twist

When asset protection takes on a sinister twist

Many people likely think of estate planning professionals when they hear the words “asset protection.” And, of course, safeguarding wealth is a core concern of estate administration practitioners focused upon promoting their clients’ best financial interests.

A recent article on marital assets reveals a darker underbelly of the industry, though. That is a realm participated in by a select group of individuals and firms that promote the game of “now you see it, now you don’t.”

“It” in the above sentence refers to marital wealth that should be accurately identified, valued and equitably distributed between parties in a divorce. That proper outcome is circumvented when spouses in given cases turn to sophisticated partners hired to make assets disappear.

The above-cited article notes that estate planning for the unscrupulous “is but a euphemism to describe asset concealment.” And when the magnitude of wealth sought to be disguised is significant, a bad-faith spouse with contacts and resources can often find willing partners commanding great concealment skills who gladly perform for-a-fee services.

That can mean the dumping of marital assets in offshore entities and trusts, commensurate with twisting trails of complicated paperwork that can make tracing a real chore.

Finding such assets and bringing them to a court’s attention is certainly a doable proposition for a defrauded marital partner, though, especially in instances where deceit is timely suspected and acted upon by an innocent spouse. A proven high-asset divorce attorney with demonstrated experience in property-division matters can closely investigate suspected wrongdoing, and will be able to identify for a client additional parties (such as a forensic accountant) who might assist in the process.

Archives

5 Star Reviews

A Superb Lawyer!

Lisa guided me through the divorce process and helped me obtain my desired outcome. Throughout the entire process, she helped make the process as painless as possible. Lisa is truly a super lawyer who will be an asset to anyone that utilizes her knowledge, experience, dedication and abilities!

– Eric E.

Successfully Settled My Case With Just One Court Appearance

My ex husband is an attorney and I knew I needed a top notch attorney on my side in order to secure a favorable outcome. In less than a month, from start to finish, Attorney Ruggieri successfully settled my case with just one court appearance.

– Carol K.

All Of The Online Reviews Of Attorney Lisa Ruggieri Are True!

All of the online reviews of Attorney Lisa Ruggieri are true! If you need top-notch legal advice to land you on your feet post-divorce, I would highly recommend the Law Offices of Lisa Ruggieri. Lisa is very knowledgeable and draws a strong line around defending and protecting her clients.

– Eugenia Z.

She Was Aggressive And Never Backed Down

I found Lisa through reviews and was not disappointed. Lisa and her staff were great! They were very supportive and explained everything. She was aggressive and never backed down, even when I wanted to settle. She always looked out for my best interest, even when I didn’t want to. I can’t recall a single debate she lost during the entire case. If I were ever in a similar situation again (which will not be anytime in the foreseeable future!), I would call Lisa.

– Erik T.