While divorce doesn’t have to be an ordeal, most of us have heard about those nightmare divorces in which one of the parties gets taken to the proverbial cleaners and is left with far less than they deserve or felt they deserved.
At Holstrom, Block & Parke, 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 — in the event of a divorce.
- 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. 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. However, any family can use an estate plan to ensure their loved ones are taken proper care of.
At Holstrom, Block & Parke we provide post marital agreement, estate planning, trust creation, and prenuptial agreement work. Contact us today to see if you fit the criteria for any one of those services (855) 747-6225.