Liquidating assets divorce

Doing your homework now is the best way to come out ahead down the line. Don’t Hide Assets You can try to deceive your spouse by hiding or concealing assets, but don’t forget that you’re also messing with the law.According to Narris, if what you’re hiding is discovered, you’ll lose your credibility in court.Check out these 40 secrets from top divorce attorneys to help you protect your assets and stay on the winning side. Don’t Let Emotions Lead Your Financial Decisions People often want to take out their hurt feelings on their exes; however, it’s important not to let emotions interfere with the business at hand.

“Practically everything is divisible, including frequent flyer air miles or royalties from a book you wrote,” said Ann Narris, a Massachusetts attorney with the Narris Law Office & Family Mediation Partners.

In her practice, she advises those considering divorce to buy big items before filing. Keep Track of Your Spouse’s Money If you’re thinking of filing for divorce or legal separation, it’s a good idea to take a look at your spouse’s financial situation.