Hidden Assets In Divorce: How Often Does This Happen, And What Are The Consequences?

According to a story in Forbes magazine, a study conducted by the National Endowment for Financial Education found that 31% of adults admitted that they had been deceptive about money with their spouse. 58% of those surveyed said that they actively hid money from their spouse, while 54% readily admitted to concealing minor purchases from their partner. While these sometimes small deceptions seem relatively common amongst married couples, the concealing of assets can be a very serious matter in the event of a divorce proceeding.

It seems only natural that during a contentious time like divorce that one partner or both may seek to retain assets for themselves and through subterfuge, try to keep their partner from getting their hands on the property. The problem with concealing assets in a divorce is that you are required to sign a financial affidavit at the start of most divorce proceedings, and that affidavit is a sworn statement under penalty of perjury. During contentious divorce proceedings, the financial affidavit is required, and it may even be used in some non-contentious divorces, so both spouses are required to tell the truth when it comes to their money and other assets.

If a person signs the financial affidavit and intentionally fails to disclose certain assets, he or she may be held in contempt of court and may suffer additional penalties for doing so. In some cases, individuals have been forced to pay the other person’s attorney’s fees or have been required to pay heavy fines for concealing assets. In other cases, the spouse who tried to conceal assets was forced to forfeit all of them to his or her spouse.

The deliberate hiding of assets is not only a dishonest move but a petty one that can have serious consequences if discovered. So where are these hidden assets? Where are they most commonly placed? According to another story (again, by the super sleuths at Forbes), the most common ways to disguise or undervalue assets include:

  • Purchasing high-value items (like artwork or furniture) for an office, or adding more items to a valuable hobby-collection
  • Hiding cash in a safe deposit box or other location.
  • Underreporting income on tax statements (with the rationale that if the government doesn’t know about it, it can’t be brought up in divorce proceedings)
  • Overpaying the IRS in the hopes of concealing the money for the time being and getting it back as a refund later
  • Setting up accounts in other people’s names (friends, new love interests, or children are most common) to place large sums of money for concealment
  • Transfers of stock to “dummy accounts” or again, to accounts outside of the spouse’s scope or view

A skilled divorce attorney may be able to help you discover if your spouse is concealing assets in a divorce, and can most certainly advise you of the steps you need to take if your former partner is attempting to hide assets to prevent you from getting your fair share in the divorce proceedings. In the end, by paying attention to his or her actions during the process, you may be able to identify the signs that they are hiding something from you.


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Stock Market Fraud

Bre-X Minerals, a Canadian company, got involved in one of the largest stock frauds in history. Its stock price skyrocketed to a high of $280 (split adjusted) after its Indonesian gold property, which was said to contain more than 200 million ounces, was reported to be the richest gold mine ever. Not only did Bre-X Minerals have a market capitalization of $4.4 billion during its peak, but many ordinary individuals also became millionaires overnight because of it.

Bre-X Minerals’ stock price, however, plummeted to just some pennies on March 19, 1997, after its gold mine was proven to be fraudulent. But though this Canadian company made many a million richer, it also caused losses to a number of organizations, like the Ontario Municipal Employees’ Retirement Board, which lost $45 million, the Quebec public sector pension fund, which lost $70 million, and the Ontario Teachers’ Pension Plan, which lost $100 million.

Enron was another of the biggest stock scams of all time. This Houston-based energy trading company was identified to be the seventh largest company in the U.S., based on its revenue. But what Enron actually did was fool investors and analysts into thinking it was stable by resorting to complicated accounting practices to keep hundreds of millions worth of debt off its books. Besides this, the shell companies that Enron executives managed recorded fictitious revenues by recording one dollar of revenue, multiple times – this created the appearance of incredible profits.

In 1992, the illegal practices employed by Enron were discovered, putting an end to its fraud; this caused its share price to dive from $90 to less than 70 cents, but not before it took down with it Arthur Andersen, the fifth leading accounting firm in the world at the time.

Stock market attorneys know that investments may help you achieve your long-term financial goals because investing opens the possibility of a benefit in the future; this cash benefit is called “return.” Most people have heard of stocks and bonds, but these are just two of the many different ways you can invest your money.

Most first-time investors work with a financial adviser or stockbroker to understand what types of investments are suitable for their objectives, risk tolerance level, and financial needs. Understanding which investments are available will help you choose the correct ones for your account and develop a healthy, diversified portfolio.

As mentioned above, one form of investment is buying stocks. When you invest in a stock, you share ownership with a corporation. The success or failure of the company determines whether you lose or make money on a stock. Other factors also affect your stock investment, such as what type of stock you own and the stock market’s performance as a whole. There are two kinds of stock: common and preferred. Publicly traded companies issue common stock, where stockholders’ share prices rise and fall with the company. Some companies issue preferred stock, which exposes clients to less risk of loss but also less potential for returns.

Risk of loss, however, will never be eliminated once fraudsters enter into the picture. This can only result to stock fraud. Stock fraud, also known as securities fraud, refers to any form of deceptive practice in the stock or commodities markets that encourages investors to make purchase or sale decisions based on false information. Aside from being an act in violation of securities laws, this also frequently results in losses for investors.

Stock fraud include stock manipulation, outright theft from investors (embezzlement by stockbrokers), lying to corporate auditors and misstatements on a public company’s financial reports.

When financial adviser or stockbroker misconduct or deceit results in investor financial losses, victims need a high-quality attorney they can rely on for representation. He/She may be able to help them determine if they can be entitled to damages resulting from their losses.

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Russia: A Country Where a Steady Flow of Immigrants Come From

Individuals pursing an EB-5 are often able to avoid many of the time delays and strict visa requirements that other hopeful immigrants face in their journey to the U.S.”

There are also “numerous benefits that set the EB-5 visa apart from other visa options that individuals might pursue. By investing $500,000 to $1 million, individuals taking advantage of the Immigrant Investor Program can secure a green card and enjoy the following benefits:

  • No language, age, professional experience, or education requirements
  • No need for direct family members in the United States
  • No residency requirements in the U.S.
  • No workplace requirements in the U.S.
  • For individuals investing in Regional Center projects, no daily management / running of a business.”

The EB-5 visa is an investment visa. To qualify for a green card, a foreign investor is required to invest from 500,000 to $1,000,000 into a U.S. business that would preserve or create at least 10 full-time U.S. jobs – this is an investor’s visa commitment. Fulfilling this may be done either through Direct Investment or Regional Center Investment:

In direct investment, a foreign national investor must invest a minimum of $1,000,000 for the creation of a new enterprise, purchase an existing business, or reorganization of a former business into a new entity.

Investing in a EB-5 Regional Center, on the other hand, requires a $500,000 capital investment. This is to finance an existing business in a Targeted Employment Area, an area identified by the U.S. Citizenship and Immigration Services (USCIS) as having very low unemployment rate – 150 percent of the national unemployment rate.

An EB-5 Regional Center is a service agent organization that is designated by the USCIS for the purpose of helping EB-5 investors complete a project and meet the “10 job” requirement. There are 1,203 EB-5 Regional Centers all across the U.S.; this includes the 851 regional centers approved by the USCIS on August 1, 2016.

The USCIS grants 10,000 visas through the EB-5 program every hear and, for the first time since 2007, when only 700 EB-5 visas were issued, the 10,000 annual quota was reached both in 2014 and 2015; more than 90% of those granted the visa were from China.

Besides China, Russia is another country where a steady flow of immigrants come from. In fact, the 265,086 Russian applications for the U.S. green-card in 2014 was the highest ever. This resulted to 245,638 Russians being granted visas that allowed them to work or study temporarily in the U.S. In addition to this, there were 3,622 Russians who were allowed to settle permanently in the U.S., including 56 who were granted EB-5 visas after making a $500,000 investment for a job-creating business.

Wealthy Russians immigrating to the U.S. (many of them settling in cities like Miami, New York, Denver, Los Angeles and Baltimore) began to increase in the early 1990s, after the collapse of the Soviet Union and after realizing that their country will not be able to provide a suitable investment environment where they can protect their wealth.

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Mediation and Arbitration: Your Possible Alternatives to a Messy Divorce

The divorce process can often be excruciating, but it doesn’t mean that it always has to end with resentment brewed by lengthy court trials. Couples that find themselves in disagreement regarding decisions involving child care, financial support, and property division can turn to divorce alternatives that can mitigate the stress caused by protracted divorce process.

Marshall & Taylor, P.C. enumerates two particular alternatives that can prove to be a huge help for divorcing couples looking to avoid unnecessary drama. These alternatives are called mediation and arbitration, and both have vast advantages to traditional court proceedings. The first option, mediation, allows divorcing couples to negotiate and resolve their disagreements outside the jurisdiction of the court. Instead, the entire process will be facilitated by a mediator. Unlike a judge, the mediator won’t be responsible for making any decisions for the couple involved in the process. What the mediator will focus on in encouraging open communication, fostering an environment that is conducive to productive dialogue.

Should a couple still find themselves unable to agree after attempts at mediation, they can move on to try arbitration. As the next step to mediation, arbitration allows divorcing couples to come to an agreement regarding high-stakes issues by allowing a third party to decide on their behalf. The appointed arbitrator will act just as a judge would when deciding on a contentious divorce. Unlike traditional divorces that are resolved through litigation, arbitration allows for a more relaxed environment that allows couples to continue their dialogue at their own pace. In arbitration, divorcing spouses are given the freedom to define their own divorce process. They are also able to set their own deadline when it comes time for the arbitrator to make a decision.

All in all, both these alternatives can prove helpful for couples looking to avoid the stress and emotional turbulence that could come with traditional divorces. Both meditation and arbitration allows couples to sort out their differences in a less hostile environment, giving them the chance to have a more open and amicable decision even after their divorce is finalized.

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Cerebral Palsy: A Birth Injury Resulting from Negligence

In 2000, two surgeons mistakenly removed the wrong kidney from a 70-year old patient; the patient died immediately after the surgery.

Mistakes in the medical field occur more frequently than anyone can imagine and, in many instances, these mistakes happen in some of the best hospitals and are committed by some of the best doctors in the U.S. Every year, about 225,000 lives are lost due to medical mistakes, making it one of leading causes of death in the country.

Medical mistakes usually result to medical malpractice, with negligence or carelessness being their root cause. Contrary to the supposition that patients are totally safe in the hands of doctors or any other medical professional, a totally safe medical procedure is not always the case. Another example of a medical mistake case (after the one cited above) is the error committed on three different patients: the mistake of operating on the wrong side of a patient’s brain was committed three times in just one year and all in the same hospital.

Medical mistake affect not only adults but children as well. Often, those who suffer the negligent acts of medical professionals are newborn children, who are made to suffer the birth injury called cerebral palsy.

Cerebral palsy is an incurable, chronic disorder which affects the brain and nervous system. It causes loss of motor function or impairment in muscle coordination. According to the United Cerebral Palsy, 500,000 children in the U.S. are already suffering from it and, every year, another 10,000 new cases are added to the number.

Cerebral palsy can be due to a doctor’s failure to treat or recognize fetal distress, giving a patient incorrect medications during delivery, excessive use of vacuum extraction, or failure to perform an emergency C-section during emergencies.

As emphasized in the website of the Crowe & Mulvey, LLP, patients who are injured due to mistakes committed by their doctors have the right pursue legal action in order to recover compensation for all of their pain and suffering. Many lawsuits, in fact, are based on failure of medical professionals to provide the standard of care to their patients. Whether a mistake is committed in a hospital or in a private clinic, so long as a patient is injured, this patient has all the right to seek justice.

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Burn Accidents and The Law

The First Law of Thermodynamics states that energy cannot be created or destroyed—it is only changed. If you rip paper apart, the ripped paper is still paper. Sometimes, it can be pieced back together. But there are some things that are truly changed forever. Take wood, for example. When wood is consumed by flame, its chemical composition is simply changed and it becomes ash and smoke. The wood has not been destroyed—it is simply reduced and changed, though irreversibly so.

This is what happens when things burn – and people are nearly just as fragile as parchment can be.

Burn accidents can be deadly, yes, but sometimes surviving them can be a difficult task in and of itself. A lot of burn victims who have survived severe burns are often left physically deformed and disabled. Not to mention that burn accidents are quite traumatic in nature and it could take a toll on a victim emotionally and mentally. Victims of burn accidents may also develop depression or even Post-traumatic Stress Disorder (PTSD), following the incident.

Though accidents of an unpredictable nature can happen – like sudden lightning strikes that simply cannot be helped — the cases for burn accidents, more often than not, are due to the negligence of another party. There need not be a literal flame for burns to occur as there are some substances that could very well cause the same kind of burning chemical reaction to occur.

The biggest and most devastating accidents can come from the most seemingly inconsequential mistakes. There are moments in time when even just a few careless seconds could cost the homes and lives of hundreds or thousands of people. An estimate from the World Health Organization (WHO) estimates that over 200,000 deaths are due to household fires each year and a lot of these come from families with a lower income. It is important, then, to make sure that people receive apt treatment for not only their injuries for accidents like these but also for the consequences that these injuries have presented to their everyday lives.

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Real Estate Info

Purchasing real estate can be quite a major step for an individual family. This is a meaningful and emotional process for someone buying their first property, or simply a good investment created by a skilled purchaser. Whatever the circumstances, honest and fair support is deserved by everybody from sellers or companies. When there is any defect or misunderstanding in these process, this could cause a dispute that should be resolved with legal intervention. It is essential to be mindful to the many risks and complications that will emerge when purchasing real-estate, so you know how best to avoid these pitfalls.

The website of real estate litigation lawyers at Gagnon, Peacock & Vereeke, P.C., says that some traditional issues that may arise include: petroleum and gas royalty disputes, construction defects, commercial landlord / tenant disputes, boundary disputes, easements, and inappropriate foreclosures. Inappropriate foreclosure occurs in trying to recover a person’s residence when a lender does not use honest practices. Easements allow a person the utilization of a house for one of a selection of purposes. These are important but often misunderstood, and differences of opinion and complications may easily arise. Construction defects can be very expensive and irritating issues with purchasing real estate. It can be an extremely complicated procedure making up for the losses that building flaws trigger. If there’s a defect or problem with all the construction of a home that one purchases, this can lead to sometimes serious problems in their own investment which could result in the harm of another.

As said on the website of the Texas Appraisal Licensing & Certification Board, frequently, a person’s home or house is one of the largest investments they will make in their lifestyles, or the single most important thing they may possess. Thus, it is often very important that if there is a difference of opinion regarding that reality, they educate themselves about their situation.

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Applying for Workers’ Compensation

For people whose main source of livelihood is work, enduring a job-related accident will surely have a devastating effect. Besides the physical harm brought about by an injury, there are other (financially) crippling consequences that can only further a casualty’s dilemma, such as costly and, occasionally, prolonged clinical treatment and medicine, and loss in revenue as a result of days or weeks of failure to return to work. As said on the website of The United States Department of Labor, the passing into law of the Workers’ Compensation Insurance Advantage in 1908, which states that specific companies have to provide for their staff who get injured on the job or who developed work-related illnesses, was a very huge factor in enhancing the general condition of workers. Before this law, workers that were injured were always compelled to file a lawsuit against their companies for the easy goal of having compensation for any suffering the injury subjected them to. Each state, which applies the workers’ compensation regulation, has also given the prerequisites that claimants need to adhere to; there is also a legal period within which clients will have to document their application. The court cases, nevertheless, merely destroyed the workers’ relationship by making use of their employers; these were also usually decided in support of employers who constantly used all or any of the following justifications:

  • Assumption of Risk – The job required risk; thereby accepting it also meant taking all possible risks it may cause.
  • Contributory Negligence – a disagreement that sets the fault (on the injury) to the injured worker himself/herself, predicated on the truth that it was his/her carelessness or negligence that actually triggered the injury
  • The Fellow Employee Guideline – Another worker caused so the harm and the accident should be attributed on them, not about the employer

Sadly, some claims get denied, some candidates wait long for the decision of approval- so a number of other problems arise, which get the choice for the program, and acceptance both declined or postponed. With employees’ compensation, immediate financial help, without the necessity for litigation, is supplied to the injured workers. The fiscal advantages are designed to cover lost wages, medical treatment, rehabilitation, incapacitate, and death.

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Wedding Hairstyles

Weddings are significant affairs. For the bride-to-be, it is very crucial to have the ability to look different than the crowd, as well as feel confident throughout the big day. This is the reason many brides have a tendency to stress about every facet of the bride’s look. On top of having the gown that is perfect, a beautiful bride will need a traditional hairdo that may place her entire appearance together. According to a hair styling studio, the following hairdos are perfect for a bride to be.

Folded Chignon

Add volume to the standard chignon with some teasing. It might not be bad should you part your own hair about a few inches deep from the entrance and abandon these parts from the classic bun. When the bun is finished, you pin them coiled within the bun to get a much more romantic impression, and can take those two pieces, drape them around the ears.

Voluminous Top Bun

Another option for a wedding up-do is a top bun that is voluminous. The hair drying and after that making good use of spray afterward, shampoo that is dry, or a volumizing moose. Once that is completed, all you’ll have had gone to do is do some teasing, and eventually perspective, collect your hair into a high ponytail and pin your bun into position.

Vintage Cut Waves

Brides with hair that is shorter regularly worry about how to proceed with their hair. One alternative for anyone reluctant to grow their hair out is some retro-inspired toned waves. Blow dry your own hair and make a strong side-part. Later, take advantage of a-1-inch straightening iron to curl your own hair. When you are completed, brush through the curls using a broad-toothcomb after which use hairspray to keep the design set up.


Those with pixie cuts may also possess a female hairstyle by taking advantage of headbands for their significant day. Instead of the original veil, go for a skinny scarf that can make your edgy wound remain away while providing you with a more delicate and intimate look.

Half-Brushed Back

Half- for these would like to keep their hair down, sweptback is the best option but nevertheless make sure it’s kept tidy and structured. Blow dry your hair sleek and then use a 1 and 1/2 – inch curling iron barrel to create waves. Focus on curling the front segments of your hair. Once you are completed, simply sweep your hair around to one side and utilize a pin on the other side to maintain everything in place. It is possible to use a statement Hair Pin, to incorporate play.

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Technology Advances in the Court Reporting

The past century has seen significant changes in the court reporting process, the procedure was innovated as engineering has really developed. According to the Bureau of Labor Statistics, court reporting denotes the entire process of recording or transcribing speech in the courtroom to produce official transcripts and records of proceedings. A man whose vocation would be to act as a courtroom reporter is generally known as a “stenographer.”

Originally, stenographers were trained to type verbatim what attorneys’ witnesses, judges, and the others say in a court proceeding. This may be very difficult, requiring the stenographer at rates upwards of 225 words per minute. It required years of training in order to create such accurate and comprehensive transcripts in this way. Some court proceedings remain recorded in this traditional manner although more high-tech means of courtroom recording are preferable. However, the improvement of written transcriptions or computers rather than typewriters had eased the problem of these transcriptions.

This service has been changed by digital technology. Court reporting companies now use video and voice records to provide precise, up-to-date transcripts of court proceedings. Complex technology attempts to accomplish the same goal: to exactly record what attorneys, witnesses, judges say. Yet, videographers and voice authors today no longer need to depend on their very own ears to hear everything that is said. Digital audio makes it possible for the isolated play of stations throughout written text, to ensure that the stenographer may listen to several voices at once. These digital record procedures are now broadly used during courts and administrative agencies in the Unites States.

The process of program recording has transformed radically as technology has developed to facilitate the problem of the practice. It is still required that anybody in the career undergoes instruction that was suitable and be given a license to be a Certified Court Reporter (CCR).

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