Divorcing a spouse can require navigating various disputes that may arise when a marriage ends. For example, perhaps you have certain assets you wish to protect when getting a divorce. This can be a source of stress if you fear your soon-to-be ex will receive these assets when your divorce is finalized.
That doesn’t need to be the case. Manhattan asset protection attorney Randi L. Karmel can offer the peace of mind that comes from knowing an experienced legal pro is taking all necessary steps to minimize your chances of losing valuable assets you believe you deserve to keep.
Prenuptial Agreements: Why a Manhattan Asset Protection Attorney Recommends Them
Asset protection is not necessarily a topic that should only be addressed if you and your spouse choose to get a divorce. You can avoid major legal battles regarding who should keep which assets should your marriage end in divorce if you enter into a prenuptial agreement.
While some are reluctant to enter into such agreements, believing that doing so indicates they don’t have confidence their marriage will last, signing a prenuptial agreement that allows both spouses to protect certain assets can actually result in a happier and healthier marriage. You may find it’s easier to maintain a positive relationship when neither of you has to worry about the potential consequences of future disagreements.
Manhattan Asset Protection Cases: What You Need to Know
If you have not addressed the topic of asset protection via a prenuptial agreement, when you divorce your spouse, New York State laws will influence the manner in which assets are divided.
Assets and property acquired during a marriage are considered marital property in New York. This is true regardless of whose name the property may be in.
Property a spouse acquired before a marriage qualifies as separate property in our state. Additionally, some types of assets and property acquired during a marriage can also be regarded as separate property that need not be divided between two spouses when a marriage ends. Examples include inheritances and personal injury awards. An experienced Manhattan asset protection lawyer can help you better understand which of your assets and property are marital property and which are separate.
Types of assets and property which are potentially subject to division include (but are not necessarily limited to) the following:
- A marital home
- Any secondary homes acquired during a marriage
- Investment Properties
- Vehicles (including boats)
- Brokerage accounts and similar investments
- Pensions, IRAs, 401(k)s
- and more
Contact a Manhattan Asset Protection Attorney
Manhattan asset protection attorney Randi L. Karmel can assist you in various ways when you have concerns about which assets you will keep and which you will have to cede upon finalizing a divorce with your spouse. If you are not yet married, attorney Randi Karmel can help you draft and enter into a prenuptial agreement that ensures your assets remain protected if your marriage doesn’t last. If you don’t have a prenuptial agreement in place and you are getting a divorce, the team at our Manhattan asset protection attorney can advocate for you, reducing your chances of losing assets and the property you deserve to keep. Contact us online or call us at 212-755-0224 to learn more.