Divorce is often a tumultuous time, not only emotionally but also financially. When splitting from your spouse, it is crucial to safeguard your assets to ensure that after your divorce, you are able to maintain financial stability. Contact a lawyer to learn more about what critical steps you can take to keep your assets safe during a divorce.
Understand How Much Money You Have
The first step in protecting your assets is understanding exactly what you have. This means taking a comprehensive inventory of all your financial accounts, property, investments, and any other assets. To do this, you will need to gather all bank statements, tax returns, retirement fund statements, and any documents related to shared properties.