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How Do I Divorce My Wife and Keep Everything from My Marriage?

How Do I Divorce My Wife and Keep Everything from My Marriage?

If you want to keep everything from your marriage, you need to prepare yourself in advance. You can start by collecting financial documents and making copies of them. This will not only help you better understand your finances, but it can also help you negotiate for the best settlement possible. By preparing yourself, you can help protect yourself from a greedy spouse.

Preparation

Before you file for divorce, it’s a good idea to take stock of your finances. While you’re getting a divorce, your focus should be on your children and their future. While money is an important consideration, it will always come second.

Prioritizing assets

During a divorce, the division of marital assets is one of the most important aspects of the process. Ideally, all property acquired before the marriage will remain in the spouse’s name, while all property acquired during the marriage will be shared. Identifying the assets that should be divided between the spouses ahead of time can save a lot of time and energy during the settlement negotiation process.

Getting a prenuptial agreement

Getting a prenuptial agreement can help you keep everything separate in case of a divorce. For example, a prenup can specify what assets go to which spouse if you file for divorce. It can also include separate liabilities. For instance, if one of you has poor credit, another may be entitled to support if your partner does not pay the bills. Similarly, a prenup can also define what happens to assets and debts when you remarry.

Protecting yourself from a greedy spouse

In the United States, forty to fifty percent of marriages end in divorce. That means protecting your assets from a greedy spouse is a critical priority, especially for business owners. It is best to take proactive measures to divorce-proof your business and avoid being reactive.

Keeping your home after a divorce

It’s natural to want to hold onto your home after a divorce. It’s a place that holds many fond memories, a sanctuary from the world, and a relic of happier days. Whether or not it’s a good idea to keep your home depends on many factors, including your circumstances.

Tax consequences of a divorce

Divorce has a wide range of tax consequences. The transfer of assets, sale or transfer of a home, and filing status can all affect tax bills. Overlooking these issues can prove to be expensive for years to come.

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