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How Can You Protect Your Assets Before Divorce Simple Steps

 


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When nothing is going right in your relationship, and you are at a lose, thinking, what to do and how to go about it, the only thing that strikes the mind, is to get a divorce. For you might feel, that this is the only way out through which you can solve all your problems.

But wait. . !! Do you have any idea on how to go about it? You simply can't wake up one fine morning and announce that you want a divorce and walk out. Or are you ready to face all the dire consequences that come your way. Amidst all the despair and anguish, we forget to consider all the constraints that are to come our way post divorce.

So, before making a move, the most important thing to do is to critically evaluate all your joint as well as personal assets and family heirlooms so that you have full access to assets after divorce. For once, you start living alone, you will have to maintain everything by yourself, right from paying the electric bill to your children's expenses. So, chalk out a clear budget so that you must be in a proper position to meet all the expenses which you once shared with your spouse.

Here are some points which must be kept in mind, before you file for divorce and which needs to be planned properly. What you must know about your assets before you take the extreme step of filing a divorce to prevent the bitterness and ugliness which is likely to shape up post divorce adding to your miseries:

1) Identify all your personal heirlooms and move it to a place where your spouse might find difficult in having an access to it. Here personal heirlooms would mean what was gifted to you when you got married. The assets that were given to you are joint possession. So you cannot lay your hands on those, as only the court will decide on it.

2) Get a clear picture of your ancestral property that you and your spouse share. Aware yourself about the value of the joint property that both of you possess.

3) If you need a financial guidance then seek for one, before the actual division of property is under process. And also, take care of the inheritance and alimony that you are supposed to get post-divorce does not end up in your lawyer's pocket.

4) Have an in-depth knowledge about your financial status and that of your spouse. So that you can also file a case depending on the financial perspective of your spouse which might prevent you from spending more than you need.

5) Do not counterfeit your business and financial transactions to experienced family lawyers, these are nothing new and the court proceedings might go against you.

6) Know your own rights and your spouse rights. Unless the court passes a judgment, you or your spouse both can access in the house and take anything that you or your spouse desire.

7) If you have joint accounts and credit cards, then evaluate it for your spouse might go for a spending spree.

Last but not the least, hire a well-experienced lawyer to file the petition. So that, you don't end up spending heavily without getting anything post-divorce. Know and understand the basics of divorce law for knowledge is power. And the more you know about it, your expectations will be more reasonable.

Now, do you think all this information is enough if you are considering to separate legally from your spouse. Personally, I would not suggest you to underestimate the efforts of your spouse, who at this moment is not your life partner anymore. He/she might be smarter than you in hiding assets before the time of legal separation arises. So, how will you come to know if your partner is trying to hide your joint assets from you, before divorce. For this, read this piece of information .

And for information on perfect, not-so-perfect, making and breaking relationships , visit my website.

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