Protecting Individuals, Families And Children Every Step Of The Way

For More Than 20 Years
Photo of Lisa A. Ruggieri P.C.
  1. Home
  2.  » 
  3. Divorce
  4.  » Divorce negotiations: Saying it’s yours doesn’t make it so

Divorce negotiations: Saying it’s yours doesn’t make it so

The following subject matter focused on divorce-linked asset distribution reasonably enough applies to every impending-ex demographic.

That cuts a wide swath, of course. Many younger couples in Massachusetts and elsewhere (we’ll just quickly pop in those oft-cited Millennial and Gen-X references here) cut marital ties in relatively quick fashion after voicing “I do” vows. And the baby boomer crowd has been notably spotlighted in recent years for a divorce propensity that materially exceeds all other age groups.

Those divorce clusters are materially different in many respects, but they typically share one core concern during the dissolution process.

That is this; They want to get what they see as rightfully theirs when their marriage legally ends and they embark solo on a new chapter of life.

That translates to a spotlighting of assets accumulated both prior to and during marriage. Evidence suggest that, as regards that, Millennial couples largely are different from older married and destined-to-divorce parties.

Here’s how: Reportedly, legions of them are less than willing to commit to a “we’re in this together” financial arrangement during marriage. A recent national survey indicates that the ratio of Millennials determined to keep their finances completely separate from their spouses is more than double that of similarly thinking Gen-Xers and boomers.

Notably, many of them think that doing so will keep them sheltered if the proverbial push comes to shove concerning asset distribution in a divorce.

That is dangerous thinking, say commentators weighing in on expectations versus realities relevant to divorce-tied property division.

Why just saying it’s separate property doesn’t make it so

Many divorcing parties falsely conclude that separate property always retains its original form. Here’s why that assumption is flawed:

  • Use of separate property for a common marital purpose (e.g., a home improvement) can change its status to a marital asset
  • Mixing (legally “commingling”) a separate asset with jointly controlled assets can similarly relabel property as marital

The bottom line is that a “mine, yours and ours” approach to asset identification and management during marriage might seem to keep things safety compartmentalized and safeguarded, but that can never be safely assumed. Any number of factors can arise over time to shift property from a “separate” to a “marital” category.

How can a spouse optimally identify and protect separate assets?

Parties thinking about asset protection should above all else be timely in their considerations. That often means taking safeguards before marriage and systematically during a union. Here are some things to focus on:

  • Negotiating and executing a prenuptial agreement (or potentially a postnuptial contract during marriage)
  • Taking concrete legal steps to identify and safeguard things like business ownership and an inheritance before exchanging vows
  • Rigidly adhering to a policy of no-commingling between separate and joint accounts
  • Maintaining accurate and ongoing records of relevant documentation

The false hopes often harbored by individuals who simply believe that declaring an asset as “separate’ ensures such classification can easily lead to a dire and unforeseen outcome in a divorce decree.

It doesn’t have to play out that way. Many proactive parties who timely secure proven legal help fashion happier endings upon marriage termination.

5 Star Reviews

A Superb Lawyer!

Lisa guided me through the divorce process and helped me obtain my desired outcome. Throughout the entire process, she helped make the process as painless as possible. Lisa is truly a super lawyer who will be an asset to anyone that utilizes her knowledge, experience, dedication and abilities!

– Eric E.

Successfully Settled My Case With Just One Court Appearance

My ex husband is an attorney and I knew I needed a top notch attorney on my side in order to secure a favorable outcome. In less than a month, from start to finish, Attorney Ruggieri successfully settled my case with just one court appearance.

– Carol K.

All Of The Online Reviews Of Attorney Lisa Ruggieri Are True!

All of the online reviews of Attorney Lisa Ruggieri are true! If you need top-notch legal advice to land you on your feet post-divorce, I would highly recommend the Law Offices of Lisa Ruggieri. Lisa is very knowledgeable and draws a strong line around defending and protecting her clients.

– Eugenia Z.

She Was Aggressive And Never Backed Down

I found Lisa through reviews and was not disappointed. Lisa and her staff were great! They were very supportive and explained everything. She was aggressive and never backed down, even when I wanted to settle. She always looked out for my best interest, even when I didn’t want to. I can’t recall a single debate she lost during the entire case. If I were ever in a similar situation again (which will not be anytime in the foreseeable future!), I would call Lisa.

– Erik T.