Protecting Your Assets in a Divorce
Asset Protection Planning thur Prenups
Does community property in marriage mean you can have no assets that are yours alone? At Stolar & Associates, we work with clients to determine what assets can legally be considered as separate from community property. If you have questions about asset protection or community property, talk to an attorney who has experience with complex financial issues.
Protect Your Assets by Agreement
The best time to protect your assets is prior to the marriage. A premarital agreement can, in effect, change the rules of community property. You can agree before the marriage about which assets are separate and which assets acquired during the marriage will be considered separate.
If you are already married, you and your spouse may decide to draft a post-marital agreement. For the court to honor a post-marital agreement, the parties must have entered the agreement without threat or pressure.
Both parties to a premarital or post-marital agreement should be represented by an attorney to assure that the rights and interests of both are protected. Led by attorney Steve Stolar who has an advanced degree in estate planning, our law firm has a thorough understanding of asset protection.
Keep Separate Assets Separate
If you inherit assets during the marriage or have assets gifted to you, you should take steps to assure those assets are not mingled with marital property. For example, if marital funds are used to enhance or maintain inherited real estate, the real estate may be considered, in whole or in part, community property. At the time of a divorce, our attorneys can trace assets and determine what part is owned by the marital community.
Free consultation with a Los Angeles asset protection lawyer. Contact us today.
If you need to protect assets prior to marriage, during marriage or at the time of divorce, please call us at 310.288.1828 or contact us today. Your first consultation is free.
