Protecting Property When Going through Divorce

Protecting Property When Going through Divorce

Protecting Property When Going through Divorce

Going through a divorce can be very stressful, and the involved parties are left with permanent scars for the rest of their lives. Besides fighting for child custody, there are other battles that can spring up during the marital separation, such as division of assets. As such, you should take actions on protecting property when going through divorce. Seek the help of an experienced divorce lawyer if you want to get a fair share of all the property that the two of you own. Protecting assets in a family separation becomes critical if one spouse is determined to win at all costs or is just out for revenge. If you suspect that your spouse is selling off some property without your knowledge, then get proactive about your situation and use the following ways to protect your property:

  • Prepare an inventory of all your valuables helps in protecting property when going through divorce. Here, you want to make sure that no one tampers with your hard-earned possessions during the divorce. For instance, things that you bought alone and not jointly should be protected at all costs. Keep them in a safe place where your spouse has no clue about.
  • You should have a proof of anything that you inherited from your parents, friends or even relatives; all inherited things belong to you and you only. You do not want your spouse to sell assets without your knowledge.
  • Immediately the divorce process starts, get your valuables—could be important documents—from the place; however, be sure to follow the right procedure lest you are taken for a thief and find yourself into even more problems. In the case where your spouse changed a locked to keep you off from collecting your valuables, you should get a court order to coerce them to allow you get what belong to you.
  • For jointly owned property, hire an appraiser to evaluate the true value of the property and make sure that the two of you get what each deserves. Do this on time to avoid losing what is rightfully yours; your spouse may sell it before it is subdivided.
  • Personal business records are also important and should be protected because they proof that you own the business. Therefore, you should have these documents safe, and if need be, you should have copies made of all of them. These will come in handy just in case your spouse wants to resell or possess the business that you own or your shares.
So what does this all mean?…

It is possible to lose your property to your spouse if you have little knowledge on protecting property when going through divorce. If you end up deciding to sell your house in Houston, TX due to divorce, contact Lennox Home Buyers. We are a local Houston real estate investment company and we purchase many homes each month. We specialize in solving real estate problems. If you are going through a divorce and would like to sell your home fast in Houston TX; Please complete our seller form at the bottom of this page and we will be in contact with you shortly or call us directly at 713-955-9766. We have extensive experience in dealing with divorce-related real estate situations in Houston and our staff at Lennox Home Buyers will know exactly what you are going through.

 

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