You’ll have many questions and concerns as you approach divorce, including those associated with your finances. Not only are you concerned about the here and now, but you know that your divorce will affect your future.
There are many steps you can take to protect your assets in a divorce. Here are some things you should do:
- Review your prenuptial agreement: If you have a prenuptial agreement, review the terms and conditions to better understand how it protects you. The same holds true if you created a post-nuptial agreement with your soon to be ex-spouse.
- Make a list of separate and joint property: Jointly owned assets are likely to be divided in your divorce. Conversely, separate assets, such as those that you brought into the marriage, are not subject to division.
- Fight for a fair distribution of property: For example, if you’re going through divorce mediation, it’s up to you and your ex to negotiate and compromise. You have a legal right to receive your fair share of the assets from your divorce, so don’t give in. Even though you want to quickly finalize your divorce, don’t do so at the risk of losing out on assets you should receive.
When you take these steps, you’ll find it easier to protect your assets during your divorce. It doesn’t mean everything will go as planned, but you’re sure to feel more confident in your approach and what’s to come.
Every decision you make should be based on your legal rights and what’s best for your future. This approach will put you in the right frame of mind and keep you there until your divorce is finalized.