Introduction

Harry Macklowe and Ex-Wife Forced to Auction Art Collection Amidst Divorce

Unfortunately, divorce can lead to the liquidation of a couple’s most beloved (and expensive) assets. These situations are often difficult for everyone involved, but sometimes there just is not any other option. Liquidating assets becomes even more likely when the assets in question have no real utility, and so co-ownership would not really provide any…

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Hiding Income Through a HELOC

Don’t overlook home equity lines of credit (HELOCs) when assessing income. Case in Point: A self-employed individual had minimal deposits to his bank account, minimal checks written, and no credit cards. Accordingly, his income and cash flow appeared low for support purposes. Through a forensic tracing analysis, it was discovered that he used his HELOC…

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