New York Divorce Lawyer Offers Guidance on Asset Protection
White Plains attorney provides reliable assistance on property division
Nobody goes into a marriage expecting it to fail, but statistics show that a high percentage of marriages end in divorce. Knowing that there’s always a risk that the relationship will break down, it’s wise for people to consider steps that will safeguard their assets and financial well-being no matter what happens later. At the law firm of Martin J. Rosen, P.C. in White Plains, clients benefit by working with a family law attorney who has over 50 years of experience helping protect the interests of New Yorkers in marriage dissolution cases.
Trusted legal counselor advises on steps to help safeguard assets
Under New York law, assets obtained during marriage are subject to equitable distribution in divorce proceedings. This includes wages, retirement accounts and business holdings. Assets owned prior to marriage are typically considered separate property and remain with their original owner unless the other spouse contributed significantly to their growth. One example of this is when a business owner enters the marriage and their spouse contributes to the growth of the business while they are wed. When marriages dissolve, disputes can arise about how or if property should be divided. To give yourself the best chance of safeguarding key property, you should keep all documentation related to bank accounts, inheritances, third-party gifts and other assets to show how and when you received them.
Knowledgeable lawyer draws up postnuptial agreementsPostnuptial agreements can play an important role in protecting assets in case of divorce. They are similar to prenuptial agreements but are signed during a marriage rather than before. A postnuptial contract may be appropriate when the financial circumstances change for one or both spouses. However, sometimes during difficult divorces, people change their minds about what they previously agreed upon. Drawing on years of experience, family law attorney Martin J. Rosen has the legal and practical knowledge necessary to draft agreements that withstand challenges.
Contact this seasoned White Plains attorney for answers to your asset protection questions
Having served Westchester County and the surrounding areas for decades, Martin J. Rosen, P.C. in White Plains has the knowledge necessary to assist New York clients with effective asset protection strategies and other family law matters. To schedule a consultation, please call 914-761-6300 or contact the firm online.