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Townsend, Tomaio & Newmark, L.L.C.
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Hiding and protecting assets: Know the difference
Check out this article about hidden assets during divorce. In many divorce cases, former spouses will employ an asset protection plan to protect their financial position. Some such plans, however, may be overly aggressive and cross the line into actually concealing assets. Hidden assets are a problem in many complex divorce cases and their occurrence can significantly hamper the likelihood of either party reaching a favorable or fair divorce settlement.
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Prenuptial Agreement Uses
Morristown, New Jersey residents can find useful benefits from entering into prenuptial agreements. In addition to protecting separate assets in the unfortunate event of divorce, prenuptial agreements can be used to facilitate estate planning, protect business interests and provide for children’s needs. Get the facts about how to make sure any marital contract is enforceable if and when needed.
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