Asset Protection Strategies That Work
As much as anyone might prefer otherwise, divorce is not an uncommon event. In some cases, the “event” is the best thing for all concerned and the process goes smoothly. In others, the ugly battle that ensues can be worse than the marriage itself.
And while divorce doesn’t have to be an ordeal, most of us have heard about those nightmare divorces in which a husband or a wife gets taken to the proverbial cleaners and is left with far less than they deserve.
At Holstrom, Sissung, Marks & Anderson, our practice is based in Orange, Riverside and San Bernardino counties and in those areas, we help clients to identify and implement asset protection strategies both before and during divorce actions. If you would like to talk to an experienced divorce lawyer about protecting your assets — call any of our Southern California office locations directly or contact us online to arrange for a free phone consultation.
Basic Asset Protection Strategies
- If you are not yet married, a prenuptial agreement can be an excellent asset protection tool. You can use a prenup to clearly distinguish what is separate property versus what is community property. You can also use them to minimize the possibility of a dispute over spousal support payments or property division issues — just in case the two of you should ever get divorced.
- If you are already married, a postnuptial agreement may be the best option. Essentially, you can use a post-nuptial agreement to accomplish the same things as a prenuptial agreement. However, post-nuptial agreements are often viewed with skepticism by the courts and held enforceable only after a cautious review by judges. Because of that, it is very important to have an experienced lawyer representing you in the process. Often some simple and straightforward advice from a competent attorney can help you protect your separate property after marriage.
- Estate planning is the third basic type of asset protection tool and also happens to be our firm’s other strength. So when is estate planning as an asset protection strategy most appropriate? The most common example involves marriages where one or both spouses have children from previous marriages.
Free Telephone Consultations
Call our offices in Orange, Riverside or Rancho Cucamonga or, contact us online.
- Orange County: (714) 408-7290 / (866) 586-8231
- Riverside County: (951) 817-7665 / (866) 930-1949
- San Bernardino County: (909) 327-2065 / (866) 331-9473
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