How can I protect my assets from divorce?

One way to protect your assets from divorce in Missouri is to create a prenuptial agreement. A prenuptial agreement is a legally binding contract between two spouses that spells out who owns what assets before marriage. It states which assets each spouse brought into the marriage, which assets each can keep after the marriage ends, and any other financial agreements each spouse might have. A prenuptial agreement can be beneficial for both spouses and can help protect assets that would otherwise be subject to division in a divorce. Another way to protect your assets in a divorce is to create separate accounts. When a couple has separate account types, such as checking and savings, each person’s accounts are legally considered separate assets. This is important, as assets held in separate accounts are not subject to division in a divorce. Additionally, you should keep careful track of all assets. When assets are tracked and can be traced back to one spouse, it makes it easier to show that the asset does not need to be divided in the divorce. Keeping track of documents such as bank statements, employment contracts, or other financial documents can also help protect assets in a divorce. Finally, it is important to understand the laws that govern the division of assets in Missouri. It is important to be aware of how assets are divided in a divorce, as well as what assets are exempt from division. Understanding the law can help you make informed decisions about how to best protect your assets in a divorce.

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How can I protect my assets from divorce?

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