3/26/2015

Do Not Let Your Spouse Get Away with Hiding Assets!

     In the matter of Estate of Milagros Beltra v. Beltra, the Appellate Division again confirmed a trial court’s ability (and duty) to report a party’s unreported income (especially in the form of cash) and assets to the appropriate authorities. In Beltra, the trial court judge determined that the husband made substantial cash contributions towards the purchase of properties in Argentina and the Dominican Republic, made considerable deposits in foreign banks, and had interests in a number of businesses.