How to Protect Assets in a Divorce

Jan 14, 2022

It seems undoubtedly true that virtually anyone who has gone to see a Brooklyn divorce lawyer has done so with the intention of speaking with that individual in order to try to protect as many of their assets in court as they possibly can. People generally don’t want to give up the things that they have worked so hard for in life, and they particularly don’t want to give them up to someone who they don’t have romantic or emotional feelings towards. Thus, it is far from surprising that people seek a divorce attorney in Brooklyn when they are trying to protect their assets from being seized by their former spouse.

Here are a few quick things that the Levitsky Law Firm recommends you do to help keep yourself covered in the event that you are worried about your assets being taken from you by your soon-to-be ex-spouse.

1) Make A Record Of All Of Your Assets

You need to know precisely where all of your assets are and what all of your assets are. You should have an itemized list of these items, and you should be capable of drawing them up when necessary. You will want to know that you have this list handy when it comes time to go to court and plead your case.

2) Get Updated Financial Statements

Get together with your Brooklyn divorce attorney and gather up all of your recent financial statements. You need to do this so you can draw upon those statements when making your case in court. Basically, you don’t want to run the risk of not knowing precisely how much money you have in various accounts, and that could happen if you do not account for your records properly.

3) Set Up Individual Accounts

Finally, begin the process of setting up individual financial accounts. If your money is tied together then you run the risk of there being bigger financial issues and a great risk to your assets than if they are held apart.

Make sure you do these three things to get started. After that, you are going to have the chance to start the process of going through the divorce the way that you need to. It is up to you to start off on the right path under the guidance of your lawyer, so follow their advice.