Depending on a couple’s finances, a divorce can be financially crippling to both parties. Knowing what to do can help protect you financially.
A pre-nuptial agreement written by the couple before marriage details the division of assets in case the marriage ends in divorce down the road. In most cases, it does not cover child issues, such as custody, support or visitation. A pre-nuptial agreement can be challenged if the other party suspects concealment of assets, fraud or coercion.
You can also protect yourself with a post-nuptial agreement. This agreement is written after the marriage takes place, especially if the couple has a significant change in their financial circumstances. The agreement details all marital debts, assets, income and expected monetary gain in the future.
If you are considering filing for divorce, contact an experienced Orange County Divorce attorney who can explain how to create an asset protection plan that will be legal and effective during the divorce process.
