DIVORCE PROTECTION
Divorce Planning, Privacy, & Safety
Typically, divorce becomes a long and messy emotional mess that destroys the ability to go forward. It affects all parties, especially the kids. Private Asset Trusts can reduce or eliminate many of the problems.
Divorce Considerations:
- Privacy, Separating Mail, Friends, Relatives, Pets, Living Arrangements;
- Children, Guardians, Sharing, Schooling, Supervision;
- Debts; Loans, Existing & Future;
- Banking, Credit Cards, Savings Accounts;
- Power of Attorney;
- Co-signed contracts;
- Home Owned Business, Inventory;
- Collectables, Boat, Tools, Toys;
- Jewelry, furniture, and heirlooms;
- Taxes; Existing & Future;
- Transfer Documents of Separated Assets;
- Future Marriages, Kids, Partnerships, Step-parents & Kids;
- Health Care Directives;
- Insurance policy and provisions;
- Retirement plans, IRAs, Keogh, 401K plans, Social Security Benefits;
- Wills;
Divorce is usually expensive, complicated, stressful, and lengthy. Fighting for years affects your health and restricts your ability to go forward. Agreeing to be separate in all matters simplifies matters. Whether there is agreement or not, Private Asset Trusts can get you more separation, privacy, and allow you to to be an individual again.
Pre-planning trusts can provide for the kids, which is usually the most important decision to be defined. Since all of us only have the benefits of our assets while we are alive anyway, protecting children now is logical, and reduces settlement disagreements.
After the divorce, you can have a "new" private life that can include private finances, private residence, and a private future, all made possible by a Private Asset Trust. This solution can be put in place at any time, eliminating mixed claims on ownership, and the conflicts.
Either, or both partners can use trusts to their advantage. Co-planning is not required. The trust can be put in place before the marriage, during the marriage, during divorce, or after things are final. There are more benefits by doing it sooner, rather than after problems arise. Either way, if a divorce occurs, each partner is starting over, with or without the privacy and safety of trusts.
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