4 tips to protect your assets in a divorce

Posted by Adrian S. Doty, Esq. | Aug 01, 2022 | 0 Comments

Dealing with a divorce can be overwhelming. Not only do you have to handle the flurry of emotions, but you also have to look out for your interests and ensure you get what you deserve. If you are not careful, you might get shortchanged or lose assets that rightfully belong to you.

Given the uncertainties of life post-divorce, it is crucial to take steps to protect your assets. Here are some tips that could be useful.

Know what you are entitled to

Have a clear picture of the entire marital estate. Knowing where everything falls will help you stay on top of tthings and avoid instances of hidden assets.

Some things you need to look at include bank accounts, business records, stocks, bonds, retirement accounts and insurance proceeds, among others.

Prove ownership of personal property

Only marital property is considered during asset division in a divorce. Therefore, having proof of ownership for the assets you owned before the marriage is necessary just in case ownership is contested. 

Keep track of your finances

Do you have a joint bank account or credit card with your spouse? You may want to cancel them to avoid getting caught up in unplanned financial obligations. Additionally, if you notice unusual transactions by your spouse in jointly held accounts, you can take action to protect yourself from financial liability.

Get legal assistance

The asset division phase of a divorce can be tricky, especially if you do not know what to expect. As such, it is worthwhile to have the proper guidance by your side that will help you navigate the entire process and safeguard your legal rights.

About the Author

Adrian S. Doty, Esq.

Adrian Doty is a Senior Associate Attorney at Sunnen Law. Mr. Doty began his legal career working as a civil litigation attorney in Los Angeles before moving to the Bay Area in 2014 where he gained complex civil and family law litigation experience working for one of the largest family law firms.He has experience with a variety of complex Family Law matters, including complex and high-net-worth case matters custody and visitation disputes, contempt and post-judgment enforcement, military-family law issues, and domestic violence restraining orders. Mr. Doty understands how emotionally difficult family law matters can be, which is why he is dedicated to the efficient management of his client's cases. While he always works to achieve settlements through negotiation when possible, he aggressively litigates to protect his clients' interests when necessary. 


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