5 October 2012 0 Comments

Protect your assets during a divorce

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When going through a divorce, most people are concerned about keeping specific assets, such as their home, car, family heirlooms or money in a bank account.

The best way to protect what is yours is to create a prenuptial agreement before the marriage takes place.  It is a contract between a future husband and wife and details how income, assets and debts will be divided in the event the marriage ends.  Keep in mind that a prenup can be challenged for concealment of assets, coercion or fraud.   In addition, if the court thinks that one party was forced to enter into the agreement under coercion or duress, the agreement will be thrown out.

If either party has significant wealth, owns his or her own business, or has children from another relationship, a prenuptial agreement is usually expected.  It is best to talk about this sooner than later.

If you decide that a prenuptial agreement is in yours and your future’s spouse’s best interest, it would be wise to consult with an experienced Riverside Family Law attorney who will protect your rights and explain your best options for protecting your assets today and tomorrow and in the future.

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