The idea of an offshore account might remind you of infamous scandals and criminal activity, but storing money overseas isn’t illegal in itself. Instead, the trouble begins when the owner of a foreign account fails to report the money accurately to the IRS.
When a partner cheats, it can be a heartbreaking violation of trust. You loved your spouse and you thought they loved you back. Whether infidelity comes as a complete shock or your relationship was already on the rocks, it’s one of the most painful things a person can experience.
Many people think that estate planning is something only wealthy people over the age of 50 do. In reality, estate planning is important for everyone. If you are under 30, unmarried, do not have children and do not feel like you have enough assets to worry about, you should still engage in a bit of estate planning. It is impossible to know what tomorrow will bring and, since accidents happen every day, it is vital that you take steps to make your wishes known should the worst happen.
When you realize that your marriage isn’t working out, it can be scary to imagine all the changes a divorce could bring to your life. Not only would a divorce affect your future, but it could be hard on your children, too. You might contemplate “holding it together” to shelter your young children, but this could be a huge mistake.
In old, black-and-white movies, private investigators were chain-smoking tough guys who were quick with their fists and cynical observations about life. In real lives, private investigators are less glamorous and much less likely to use fisticuffs to get their jobs done.
For some people, the most important asset they own is their business. If you are a business owner and you are going through a divorce, you have probably started to worry about the eventual division of assets.