The division of property during a divorce can be very complex and a source of conflict, especially for couples who have substantial assets or property holdings. Often the individuals in such situations will be concerned with what steps can be taken to protect their individual assets from becoming part of the marital estate and therefore open to being divided in the event of a divorce.
There are several simple steps that people can take to protect their assets from becoming part of the marital estate, including:
- Keeping assets separate — Avoid placing assets into joint accounts. Do everything you can to keep the asset you want to protect from gaining the appearance of being for the couple’s benefit.
- Maintaining an asset’s original character — Jointly holding an asset is not conclusive evidence that the asset is part of the marital estate. Even if an asset is being jointly held, maintaining the asset’s original character can help you preserve the asset as yours rather than belonging to the marriage.
Experienced Family Law Representation Dedicated To Protecting Your Rights And Best Interests
At the Law Office of David Pedrazas, PLLC, attorney David Pedrazas is committed to developing successful strategies for protecting his clients’ assets from becoming part of the marital estate. He understands that someone may want to preserve particular gifts, inheritance or other types of assets from being divided during a divorce. He has more than 20 years of experience and has worked on more than 1,000 divorce and family law cases. David’s extensive experience can help you develop successful strategies for protecting your assets.
Contact Salt Lake City Asset Protection Attorney David Pedrazas
When you are facing divorce and you are concerned about protecting your assets, having an experienced attorney as your guide can be the best step you can take toward making sure that you are able to effectively pursue the strategy you need. Turn to the Law Office of David Pedrazas, PLLC, for the skill and experience you need. To schedule a free initial consultation, call 801-263-7078 or contact us online.