Safeguarding Your Assets Before Ending Marriage
For individuals or couples with significant wealth, it’s crucial to understand how a dissolution can impact personal and marital assets. Taking the right steps early, before filing for dissolution of marriage or legal separation, can make a major difference in preserving your financial stability. However, it’s equally important to act legally and transparently to avoid any perception of concealing assets.
At Stange Law Firm, our attorneys assist high-net-worth individuals in exploring proactive, lawful strategies to protect their financial interests. One effective option available in certain states is the Domestic Asset Protection Trust (DAPT). These trusts allow individuals to legally shield qualifying assets from future creditors, while still retaining some control over them. If you’re wondering whether a DAPT may be available in your state or appropriate for your circumstances, our firm can connect you with experienced estate planning attorneys who can help.
Why Asset Protection Matters During Dissolution
Ending a marriage can bring intense financial scrutiny. Assets, accounts, and business interests often come under review, not just for equitable division, but also in connection with potential debts or liabilities. Creditors, lawsuits, and even claims from a former spouse may pose risks to your long-term financial picture. Establishing asset protection measures before proceedings begin can help you navigate the process with greater peace of mind.
A DAPT is one such measure. Unlike offshore trusts, a DAPT is created within the United States and governed by domestic law, making it a more accessible and transparent option. It can help safeguard assets from certain future claims while ensuring compliance with applicable state and federal laws.
Our seasoned attorneys can review your financial situation, assess potential vulnerabilities, and work with trusted estate planning professionals to determine whether a DAPT or another strategy is best suited for your needs.
To explore this topic further, you can read our related article: Domestic Asset Protection Trusts Versus Prenuptial Agreements: What Is The Best Option?
Contact Stange Law Firm, PC Today
If you are facing a high-asset dissolution of marriage and want to better understand your legal options for protecting wealth, contact Stange Law Firm online or call 855-805-0595 to schedule a confidential consultation. Our attorneys can help determine whether a Domestic Asset Protection Trust may be right for your situation and connect you with estate planning professionals who can assist in creating one.
