Tips from NYC matrimonial law attorney and author Jacqueline Newman.
Negotiate a Prenup
While not always airtight, prenuptial and postnuptial agreements can help shield assets such as an inherited business, money, property or a rare art collection should a couple end up in divorce court. Depending on state law, a prenup or postnup can state that in the event of a divorce, each spouse will forgo his or her rights to any inheritance or major gift given to the other partner before or during the marriage.
Save Documentation
People should keep any paperwork that shows an inheritance was intended only for one partner.
Maintain Separate Accounts
Couples shouldn't commingle inherited money or other assets in an account that also includes the other spouse's funds. Instead, they should put it in a separate bank or investment account.
Keep Titles in One Name
In the absence of a prenuptial agreement, the best way to protect separately owned property such as a vacation home bought and paid for before a marriage is to avoid adding a partner's name to the deed
About Jacqueline Newman
Jacqueline Newman (http://nycdivorcelawyer.com ) is a New York City based divorce lawyer and experienced NY matrimonial law expert. As managing partner of a top tier 5th Avenue Manhattan law firm focused exclusively on divorce, her practice runs the gamut from prenups for high net worth people contemplating marriage to high conflict matrimonial litigation in dissolutions involving complex financial assets and difficult custody issues. A law school lecturer and New York continuing legal education instructor, Jacqueline sheds her fearsome advocate persona to teach mediation and collaborative law as alternatives to lengthy courtroom brawls.
Jacqueline Newman Recent TV Appearance on HLN News:
No comments:
Post a Comment