Expert Asset Protection Lawyers in Suffolk County, New York
Divorce proceedings can pose significant risks to your financial assets if not handled strategically. At Zimmer, Mathiesen & Associates, our award-winning divorce lawyers specialize in asset protection strategies to safeguard your interests during divorce proceedings.
Proactive Asset Protection Measures
When contemplating divorce, it’s crucial to take proactive steps to protect your assets. Our attorneys advise clients on opening separate bank accounts to safeguard funds earned post-separation. By segregating finances, you prevent the co-mingling of assets, reducing the risk of your spouse claiming entitlement to marital funds.
We generally file our cases on the same day we are retained, in order to establish a clear line as to the date of asset cut off. Simply keeping money in an account in your name alone is not enough to prevent your spouse from making a claim to those monies.
Safeguarding Separate Property
In New York State, inheritance, gifts to one spouse, and personal injury awards are considered separate property. However, to ensure their protection, it’s essential to maintain separate accounts for these funds. Co-mingling these funds with other monies earned during the marriage can transmute these funds from separate property to marital property. Our asset protection lawyers guide clients on safeguarding separate property to prevent potential claims from spouses before and during divorce proceedings.
Navigating Automatic Restraining Orders
Upon filing for divorce, automatic restraining orders go into effect to prevent the depletion of assets, as well as effecting changes to insurance (health, life, home, automotive) and beneficiary designations, with regard to retirement plans. Our attorneys provide guidance on adhering to these orders and ensuring compliance to avoid legal repercussions. We assist clients in navigating the complexities of these orders while protecting their financial interests.
Expert Legal Representation for Asset Protection
With extensive experience in asset protection during divorce, our attorneys provide expert legal representation tailored to each client’s unique circumstances. We understand the intricacies of New York State divorce laws and work tirelessly to protect your assets and financial future.
Schedule a Free Consultation Today
Don’t leave your assets vulnerable during divorce proceedings. Contact Zimmer, Mathiesen & Associates for a FREE and confidential consultation with our experienced asset protection lawyers. Call us at 631-493-0278 to schedule your appointment and take the first step towards safeguarding your financial well-being during divorce. Trust us to protect what matters most to you.
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