When marriages are falling apart one or both spouses may try to hide assets or even income from the other spouse. This is common because when the marital partnership breaks down the parties often end up in court fighting over the property of both parties. A common misconception is that “I worked and my spouse didn’t, that is my money”. In New York state, absent a pre- or post-nuptial agreement to the contrary the income of either spouse is considered marital property and when one spouse has exclusive control over this income stream they may also be able to convert that income into property that is easily hidden or diverted away from the other spouse.
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About the author:
Alex T. Roshuk is a New York State attorney. He has two law degrees from McGill University, Faculty of Law, Montreal, Canada (B.C.L./LL.B., 1997) and has been practicing law in New York City since 1998 advising businesses, individuals and not-for-profit organizations in transactional and litigation related matters. He was the first legal adviser to the Wikimedia Foundation, Inc. (Wikipedia) from 2003 to 2005 assisting with the organization's tax exempt application to the IRS, trademark applications, and various copyright related issues. Prior to becoming a lawyer Mr. Roshuk worked in the entertainment industry as a film editor, radio announcer, television producer and director and as an administrator and/or director of numerous not-for-profit media arts organizations in the United States and Canada. He studied electrical engineering at Princeton University in the 1970s. He currently lives in Park Slope, Brooklyn.
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