It may be the last thing that comes to mind but, before getting married, you should talk about money with your partner. This was explained by a lawyer specialized in divorces, who emphasizes the importance of talking about debts, income, budgets or vital objectives for Avoid surprises or, worse, problems.
His name is Pandkhou, the law firm ‘Wasser, Cooperman & Mandles’, and states that “they are very uncomfortable and delicate issues but once you speak them and leave them clear, many of the fears and insecurities that may arise are dissipated.”
Now, if you have not done so and you don’t have any prenuptial agreement, there are two ways to protect your money in case you finally decide to divorce yourself. Both have been revealed by the aforementioned lawyer and Padideh Jafari, another lawyer specialized in divorces and family law, to the ‘CNBC’ medium.
The two ways to protect your money in conflicting marriages
First, they recommend informing everything we can about our shared finances. “Start collecting all possible information about your finances, your assets and your liabilities,” says Pandkhou, pointing out that, being still married, it will be easier to call the manager or Consult the accounts.
With this compilation, says the lawyer, if anyone requests the divorce “you already know at least half of the equation” and you will not have to ask your partner to access the accounts or worry about the changes made without your knowledge.
The second form of protection that they advise is to sign a prenuptial or postnupcial agreement, where it is established how the couple will divide their assets in case of divorce. This, indicates the other lawyer, can give security to both parties, and can be very useful if a company has been created. In fact, he affirms that “I could protect the business.”
Despite its advantages, it understands that it is a delicate topic to address and that it may not be the best solution for everyone. In addition, he warns that, often, one of the two members of the couple feels that the other does not trust him, although he also advises to continue with it, even if he must discuss.
“Avoid conflicts actually generates more conflicts later,” Jafari points out in this regard, understanding that “it is best to have the conversation and see how the other person reacts.”