How do I protect my assets in a collaborative divorce?

Protecting your assets is an important consideration when entering into a collaborative divorce in Florida. The process is voluntary, so both parties must agree to it in order to proceed with the process. There are several steps you can take to safeguard your assets during a collaborative divorce. The first step is to create an inventory of all marital assets and debts. This includes anything owned by either you or your partner, any income you each receive, any property you both own, any bank accounts or investments, and any other debts or liabilities. Once you have this list, you will need to give it to your attorney, who can help you determine what assets can be divided and how they should be divided. The next step is to create a financial plan. This involves negotiating an agreement between you and your spouse regarding how any assets are divided. Your attorney can also help you create a plan to cover future expenses such as health care costs or education costs for your children. Finally, you may need to sign a prenuptial agreement or post-marital agreement to protect yourself from future financial claims. These agreements will outline how assets are divided and can be used to protect both you and your spouse. By taking these steps, you can help ensure that your assets are secure during a collaborative divorce in Florida. It is important to remember that the process is voluntary and both parties must agree to it in order to proceed.

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