How do I protect my assets in a collaborative divorce?

When going through a collaborative divorce in California, one of the most important steps to protect your assets is to identify all of the property and debts that you and your spouse have acquired during the marriage. This includes any real estate, vehicles, stocks, and other investments. Once you have identified each asset, you should determine which of those will be awarded to each spouse during the divorce. The next step is to create a budget to determine your financial needs post-divorce. This will include all income and expenses such as housing, childcare, food, and transportation. Your budget should reflect both your needs and wants, as well as those of your spouse. Once you have gathered all of the necessary information, it is important to consult with a knowledgeable financial advisor. A financial advisor can provide guidance and help you decide which of your assets and debts should be awarded to each spouse, as well as how to best protect your assets post-divorce. When the division of assets is finalized in the divorce decree, it is important to be sure that the terms of the decree are followed. This may include providing financial records and other materials to prove the assets are compliant with the agreement. Finally, communicate with your spouse regularly regarding any changes in the division of assets. If your financial circumstances change, you may need to renegotiate the distribution of assets. Keeping communication open will help ensure that both you and your spouse are protected.

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How do I protect my assets in a collaborative divorce?

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