How to protect my assets in a divorce

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PARAGRAPHDivorce is a tough process on a personal and emotional level. Be sure to make a with during the divorce proceedings. When making these and other decisions, be sure to take.

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Divorcing Women: Where Husbands Typically Hide Assets
1> Consult with a Lawyer: The first and most important step is to consult with a qualified family law attorney who specializes in divorce cases. How to protect your assets from a divorce � Seek proper legal advice � Ringfence pre-acquired or post-acquired assets � Don't hide assets � Don'. Avoid Mixing Assets. Keep inheritances or gifts received during the marriage in a separate account to maintain them as separate property. Mixing.

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On the other hand, if you suspect your ex of hiding or disposing assets or failing to disclose their actual income, there are numerous ways of uncovering that. For instance, if you inherit money and deposit it into a joint bank account, or if your separate property increases in value during the marriage due to the efforts or financial contributions of your spouse, these assets or a portion thereof, may be treated as marital property. Contact us today to schedule your consultation. For example, trusts can be an excellent tool for safeguarding assets intended for the children if the person who sets up the trust fears their ex-spouse might spend that money irresponsibly or otherwise fail to use it as intended. If you are contemplating divorce or are already in the midst of one, understanding how to safeguard your financial interests can save you a great deal of trouble down the road.