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How to Protect Pre Marital Asset through Divorce Premarital assets refer to assets that have been owned individually by the respective spouses from before they were married. Therefore, at the time of getting a divorce, it is only expected that these assets are restored to the true owners without the other spouse having a claim to it. However, things are not as easy as it may seem. There can be a number of circumstances under which one spouse may claim premarital asset of the other; a claim that can receive validation from the courts as well. Please visit this website for more info about legal separation papers. The question thus, is how to keep premarital assets protected in divorce; a process that actually starts with careful steps taken before marriage, some of which can be mentioned as follows... Getting a pre-nup – This is by far the best way to protect your property and assets through divorce. Here, the concerned spouses agree to not lay claim upon certain properties and assets of the other partner in situations mostly involving separations and divorce. Pre-nups are completely customizable and the agreements are respected in almost all states of the USA. This makes it very important for the concerned spouses to create a suitable agreement preferably with the presence of lawyers from both partners. Preventing commingling – This is one of the most common ways of losing premarital assets to a divorce / separation. In this case, the spouses may knowingly or unknowingly convert separate assets into marital assets by lowing common usage of the same. For example, if one spouse lists his / her saving account as premarital asset yet allows the other spouse to transfer money to it, the account directly becomes a marital property that can be divided at the time of divorce. Requests to consider the provisions of division can be mentioned in the separation agreement template made by the couple. However, the final judgment lies with the court especially if the separation / divorce are contested. Avoiding transmutation of separate property in marital property – This basically refers to the conscious decision of the couple to convert their premarital asset into marital property. Although done in extreme confidence that only death will do them part, transmutations can lead to massive hassles at the time of division of assets (be it active or passive) at the time of divorce especially when mutual settlements are not reached. For more information about a legal separation in Missouri and legal separation in Arkansas, please visit this website.

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How to Protect Pre Marital Asset through Divorce  

Premarital assets refer to assets that have been owned individually by the respective spouses from before they were married. Therefore, at t...

How to Protect Pre Marital Asset through Divorce  

Premarital assets refer to assets that have been owned individually by the respective spouses from before they were married. Therefore, at t...

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