How can I protect assets in a divorce?

Protecting your assets during a divorce in California can be a tricky situation to navigate. It is important that you understand the law and take measures to protect your premarital property. Before a divorce is finalized, you can enter into a prenuptial agreement with your spouse. This agreement can define what property is considered separate or community property and also spell out who will receive what property after the marriage ends. In addition, you should be aware of the community property laws in California. Under state law, any property or income acquired during the marriage is considered community property, unless the property was received through inheritance or gifted. Therefore, it is important to keep track of the sources of any income or property you receive during the marriage. Finally, you may want to consult a qualified attorney to discuss any financial actions you take prior to the divorce. Taking certain actions, such as transferring assets or changing the title of property, may be seen as trying to hide assets from the court. This could result in a judge awarding your spouse more assets during the divorce. By understanding the law and taking the appropriate steps, it is possible to protect your assets during a divorce in California.

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