${site.data.firmName}${SEMFirmNameAlt}
Contact us today 770-744-1111 will call back
within 24 hours
Menu Contact
NOT JUST A LAW FIRM … A SOLUTION

What not to do with property when getting a divorce

Wanting one's fair share of assets is a reasonable desire when going through the dissolution of marriage process. Unfortunately, there are spouses in Georgia and elsewhere who may take certain actions with some of their property to keep it from being included in the divorce settlement. One spouse hiding assets, though illegal, happens quite often.

The divorce of billionaire Harry Macklowe has been in the spotlight recently -- not just because of his wealth, but because of what he is believed to be doing in order to hang on to it. Mr. Macklowe has been married to his wife for 58 years, though separated for years. The two share an art collection that is valued at approximately $1 billion dollars, which should be divided in their divorce settlement. However, it was recently reported that Macklowe has possibly been selling some of the art pieces in order to keep and hide the funds generated.

If this rumor happens to be true, which should be easily uncovered by his spouse's legal team, Harry Macklowe could end up paying a great deal to his wife in their final settlement and, possibly, even face criminal charges. So, is hiding assets worth it? Not really.

Property division is often a contentious topic in divorce. At the end of the day, there is a right way to handle it and a wrong way. Hiding assets, in the majority of cases, simply does more harm than good. An experienced family law attorney can assist those who are going through the divorce process in Georgia in taking the appropriate actions to fight for the property division settlements that they desire.

Source: pagesix.com, "Harry Macklowe may be secretly selling artwork amid $2B divorce", Ian Mohr, May 8, 2017

No Comments

Leave a comment
Comment Information
EMAIL US FOR A RESPONSE

Contact Us today! We promise to call back within 24 hours.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Miles Hansford & Tallant, LLC
202 Tribble Gap Road
Suite 200
Cumming, GA 30040

Phone: 770-744-1111
Fax: 770-781-9191
Map & Directions

Address