Newsletter | may 2021


7 Ways to Protect Your Assets During Divorce

Divorce is a stressful and life-changing event. Although you may feel you have little control over the process, there are some things you can do to safeguard your interests and ensure you come out of the process in a financially stable position.
(1) Do not confuse “protecting” your assets with “hiding” your assets. You can protect your assets from being dissipated, but you cannot hide your assets to keep them from your spouse. Any “hidden” assets will not stay hidden for long. A savvy private investigator will find them, and the court will punish you for your deception.
(2) Know what you have. Create a record—a detailed list or a video inventory—of the contents of your home on a particular day. Note the location and the condition of each item.
(3) Make copies of important financial records. Make three copies of your important records -financial statements, tax returns, deeds, etc. Give one copy to your spouse, give one copy to your attorney, and store the third copy in a safe deposit box or other secure location away from your home.

Closed Monday May 31 in Observance of Memorial Day

Refinancing the Marital Home: Before, During or After Divorce

At Hobson and Hobson, we are committed to guiding our clients through the many questions and challenges that often accompany family law matters. We have resources and relationships with different service providers to assist during these transitional times in our clients’ lives.
We recently sat with our friend Bill Medley, Mortgage Banker with Quest Rock financial to ask him some common questions surrounding refinancing the marital home during or after a divorce.

May is Mental Health Month

The National Alliance on Mental Illness has designated May as Mental Health Awareness Month. Mental health is essential to our overall health, and the importance of attending to mental health has become even more pronounced during the COVID-19 pandemic.
Mental Health Awareness Month was started in 1949 by Mental Health America, and each year the organization chooses a theme. The theme for 2021 is Tools 2 Thrive, with a focus on helping you find healthy ways to cope with stress.
We hope you can use some of the information in these articles as tools for your own mental health, as well as the mental health of your children:

Noteworthy May Dates

May 2021