Protecting Your Assets During Divorce
If you are contemplating divorce, you should begin to take steps to protect your assets. Should a divorce occur, those assets can form the financial foundation for your future.
Randal A. Lowry & Associates has extensive experience in all aspects of property division. We go to great lengths to protect our clients' premarital and marital assets during the divorce process.
If you are thinking about divorce or have questions or concerns about your property, contact our firm. An attorney can review your situation and discuss what we can do to place you in a stronger financial position.
Premarital, Separate and Marital Assets
A married person's property falls into one of two categories:
Premarital assets — property owned by an individual prior to marriage, acquired as a gift or inheritance during marriage, or acquired as the result of passive income or appreciation of separate assets.
Marital assets — any property acquired during marriage which is not a gift or inheritance.
Premarital assets could become transformed and co-mingled during the marriage. Tracing these transformations is a major task during the divorce process. Our firm is highly experienced in identifying, valuing and dividing property in divorce. We are assertive in the protection of our clients' rights and interests and determined to help them achieve the best settlement possible.
Documents Lead to Victory
Divorce attorneys have an old saying — the person who has the most documents wins a property dispute.
If you know you are heading toward divorce, you should start planning for your divorce. It is important to collect as much evidence as possible regarding the nature of the property, the date it was acquired, and the circumstances of its acquisition. Our attorneys can advise you regarding the steps you can take to document and protect your separate and marital assets.
If you receive an expensive gift or inherit property before or during your marriage, you should document how you obtained it. This can provide a valuable tool for protecting your rights should you divorce.
Consider a Prenuptial/Antenuptial Agreement
If you are entering into a marriage, you should consider creating a prenuptial agreement. This document can clearly identify premarital assets and prevent future disputes regarding the nature of those assets.
The attorneys at Randal A. Lowry & Associates have extensive experience drafting prenuptial agreements. A prenuptial agreement that is not drafted properly will often be contested at the time of divorce. That is why it is extremely important that your receive knowledgeable and proper advice from someone who is experienced in the law. Randal A. Lowry & Associates can advise you in these difficult matters and draft a thorough prenuptial agreement designed to protect your rights and property.
Contact a Lawyer
For a consultation about protecting your premarital assets, call 877-264-7931 toll free or contact us online. Evening and weekend appointments are available.
Located in Cuyahoga Falls, we represent clients in the Akron area and Northeast Ohio.