Plan for a Divorce & Wedding at the Same Time

If youโ€™re hearing wedding bells, the last thing youโ€™re probably thinking about is divorceโ€”and thatโ€™s a big mistake. Here at the Law Offices of Jeffrey M. Bloom, we know that โ€œplanningโ€ for a divorce even before you get married is actually a great way to avoid it! In fact, creating a prenuptial agreement should be just as big of a part of pre-wedding discussions as talks of cakes and venues. Finances can be a big reason for divorce, so making sure your finances are in order can be a fantastic foundation for a long-lasting marriage.

Protect Your Assets

Money issues are the second leading cause for divorce, nipping on the heels of infidelity. Keep in mind that in a divorce, both partners have to prove details of an asset. For instance, if you have a brokerage account prior to marriage, youโ€™ll need proof of that in a divorce in order to keep it considered a โ€œseparate asset.โ€ This can be very difficult to prove without maintained records. Most banks and financial institutions are only required to keep records for you for seven yearsโ€”so if your marriage lasts longer than that, youโ€™re on your own.

Itโ€™s easy to get caught up in the romance and magic of wedding planning. Itโ€™s also easy to think those accounts are no big deal when theyโ€™re not worth that much. However, if your bitcoin account expands exponentially while youโ€™re married or if your stocks zoom, suddenly those โ€œno big deal accountsโ€ could be worth millions when you divorce. Without proper proof of pre-marriage ownership, your soon-to-be ex could make off with half of it.

Schedule Your Consultation

Planning for divorce doesnโ€™t mean it will happen, and it certainly isnโ€™t bad luck. In fact, itโ€™s quite the opposite. If you take care of finances now, youโ€™re on the right track to avoid one of the leading causes of divorces. And if youโ€™re facing divorce right now and need help proving your assets are yours, weโ€™re here to help. From pre-marriage legal help to divorce matters, contact the Law Offices of Jeffrey M. Bloom and get experts in your corner.

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