Skill And Knowledge About Overseas Assets
Divorce often comes with many complications, no matter what your situation. However, having overseas assets is one of the more challenging issues that can factor into a divorce. At Hecht & Associates, our lead attorney, Spencer M. Hecht, is well-equipped and skilled in these types of cases. He has over 20 years of experience in the courtroom and in high-conflict divorce cases. People can feel confident using our firm to figure out these complex matters.
Understanding The Challenges Of Overseas Assets
Asset division is often the most difficult part of a divorce, and foreign assets only add to the complexity. When an asset is overseas, it adds many factors to the division process. International laws often differ from the United States property division laws, and other countries have separate tax laws that can impact property. If you or your spouse owns property or other assets overseas, you need the help of an attorney who understands international privacy, property and tax laws.
The way these assets are divided varies depending on what they are. Foreign bank accounts are usually handled similarly to regular domestic bank accounts, as the courts have jurisdiction over these as long as the owners of the accounts are in the U.S. Foreign property is much more complicated, however, and often handled more indirectly. One example would be leaving a property worth $600,000 in another country to one spouse and awarding the other the same amount in domestic assets. This arrangement is equal but slightly different than simply dividing the property.
Mr. Hecht has spent decades helping people with complex divorce matters, and he has significant knowledge about foreign assets. He can help you figure out how your assets should be divided, what international laws apply and how to ensure a fair settlement, no matter how complicated the situation.
Trustworthy, Strong Advocacy From An Experienced Divorce Attorney
Mr. Hecht is someone who will fight for you and protect what matters to you. He understands what it takes to reach an agreement and won’t back down or settle unless completely necessary. Divorce attorney Spencer Hecht has both the trial skills and the knowledge to decipher what the best possible path forward is in your divorce. He is well-respected throughout the community by former clients, peers and other legal community members.
If you’re seeking assistance dealing with a complex divorce issue, like assets in another country, contact us. We can help you sort everything out and fight for a fair agreement. Call 301-861-4797 or use our online contact form to set up an appointment.