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Divorce can have a significant impact on your financial security. Protecting your assets during this challenging time is crucial. At Family Law Matters, we understand the emotional and financial strain that comes with dividing property and safeguarding your future.
The same amount of income you relied on to support your family will now have to be divided between two households. Without a solid strategy, you could lose control over the assets you’ve built.
Your assets and business income are at stake in a divorce. By putting your business, income, and assets into a divorce asset protection structure, you can do much better than going into a divorce battle unprepared.
Don’t wait until it’s too late to protect what’s rightfully yours. Failing to take action now could leave your assets vulnerable to property division, potentially diminishing your financial stability for years to come.
So what types of legal instruments are appropriate for an asset protection strategy in a divorce?
Here are some steps you can take to safeguard your assets from a divorce dispute. First, keep in mind that local courts can enforce virtually any domestic action. Local judges have jurisdiction over local property.
There are domestic asset protection vehicles available, including trusts, limited liability companies, and limited partnerships.
Our in-house asset protection attorneys in California can say with confidence that, in actual divorce cases, the courts have permeated all domestic structures.
The mortgage will be payable to your asset protection trust’s international LLC. If necessary, international institutions can acquire the mortgages.
They will deposit the cash proceeds into a “inaccessible” account within your offshore trust.
You take this action because a judge may require you to provide proof of cash distribution in the future.
Do not deposit your inheritance funds in accounts that may also be in the name of your spouse.
Create a list of your personal property assets. This should be arranged prior to your spouse serving you with divorce papers.
After a process server hands you divorce papers, you still have options for protection. However, it is preferable to act beforehand.
When you choose us, you can expect:
We know how personal and impactful family law issues can be. That’s why we’re committed to:
If you’re in need of caring, compassionate help with your divorce or family law case in Temecula, CA, we’re here for you. Contact us to start the conversation.
As experienced asset protection lawyers, Family Law Matters can help you exit your marriage with your financial future intact. Under Section 2550 of the California Family Code, a married couple must follow the rules about “community property.”
The first step of protecting your assets is to differentiate marital and non-marital property as defined by the Marital Property Act. Call today for a free initial consultation.
27307 Via Industria, K-1
Temecula, CA 92590
