Arnel Law Firm
Free Consultations 347-966-7378
Experienced Family Law Guidance And Advocacy Since 1983

Protecting assets is an important aspect of New York divorce

Having the right information can help New York residents work toward the outcomes they desire in a variety of situations. Divorce is once situation in which knowledge can be a valuable tool, especially when it comes to determining how such a process may affect a person financially. Therefore, individuals may wish to take necessary steps to prepare for their proceedings.

Property division can have considerable financial impacts. One step that individuals may wish to utilize is identifying which assets will be addressed during the divorce process and to whom the assets belong. Once individuals understand what may be their separate property, they can organize and work toward addressing those assets and other property that could potentially be divided.

Hard copies of asset and bank account information can help provide proof of any statements made by either party. The proper documentation could help back up claims or prove false claims. Hard copies are important because digital copies could be unreliable or a spouse could potentially change passwords that results in the other party being unable to access needed documents or accounts without court intervention. Similarly, individuals may wish to create a personal account separate from a joint account that could allow for a build up of cash that could come in handy.

Protecting assets during divorce is often a primary goal of many individuals. However, understanding the right way to go about doing so may not always immediately come to mind. Therefore, New York residents may wish to consult with their legal counsel in order to potentially gain useful advice on how to approach property division and other related topics.

Source: businessinsider.com, "How to keep from losing everything in a divorce, in 6 steps", Emmie Martin, Feb. 1, 2017

No Comments

Leave a comment
Comment Information
Email Us For A Response

Contact The Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Arnel Law Firm

26 Court Street
Suite 1012
Brooklyn, NY 11242

Phone: 347-966-7378
Fax: 718-875-8951
Brooklyn Law Office Map