Questions tagged [assets]
8 questions
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What non-liquid assets can't be seized for compensation?
Non-liquid assets like property can be legally seized when compensation is required (e.g. by a creditor or the IRS). But there are many other non-liquid assets one can have. A video game account (like in World of Warcraft) can be worth thousands of…
chausies
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Do wives get 50% of net worth after the divorce as well, or just the net worth at the time of divorce?
If filing for divorce, do wives get 50% of net worth after the divorce as well, or just the net worth at the time of divorce?
Is there a difference between the US and Canada?
What about property?
Cybernetic
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What are the variety of notary "For..." statements used for?
What kind of documents would these notary statements be most appropriate for? I'm thinking of documents like witness testimony, wills, trusts, asset ownership, statements, LLC, events, etc.
"For an acknowledgement in an individual capacity:"
"For an…
Stay-at-home-dad
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Earning capacity in divorce a result of individual actions
Earning capacity is widely referenced in asset division in divorce. How is this impacted if the future earning capacity of an individual is a result of their own actions?
Take for example two married people. Both earn between 40-50k per year. Both…
user1053700
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How are the assets of a married couple protected or controlled during divorce proceedings?
Let's say one spouse is a business owner and is affluent. The other spouse may work part time, but does not have any significant assets in their own name.
Once divorce proceedings have begun, presuming some division of assets will be ordered, how…
Michael Hall
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Can courts in the US freeze the finances of associated businesses like in Brazil?
In Brazil, a Supreme Court Justice recently ordered the freezing of finances for SpaceX's Starlink, an entity owned by Elon Musk, due to non-compliance by another Musk-owned business, X (formerly…
user768421
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What happens to your wealth when you go to jail for life?
Bill the Billionaire has his wealth divided amongst various assets (a portion of it is cash under his mattress, a portion of it is stocks, a portion of it is cryptocurrencies, a portion of it is real estate, a portion of it is Pokemon cards, etc.).…
chausies
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Business in friends name
Let's say person A transfers all his assets including a large business to person B. Person B then "donates" a large amount of money to person A on a monthly basis for the rest of his life. There is no written contract between person A and person…
user55665484375
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