In a divorce, certain assets are more protected from what we call “equitable distribution” than others. If a party knows, for example, that he or she stands to inherit property during a divorce, then that party should speak with legal counsel about how to safeguard that money so that it’s not considered as a marital asset. Also, it’s possible to safeguard pre-marital assets and post-separation assets in a divorce.
Parties are not permitted to hide assets in a divorce, though, as that defeats the intentions of the Divorce Code, which allows for the full disclosure of assets.
If you have a question about these issues, please feel free to contact my office in Greensburg to schedule an appointment.
If you have any questions about the topic discussed in this article, or any family law matter, please give us a call at Bononi & Company (724) 832-2499.