Asset Protection Lawyer Can Help With Asset Protection (Whether You Choose To Stay Or Leave The Relationship)

dhs.vic.gov.au, Feb 17, 2005

If taking action puts your safety or the safety of others at risk you may need to take precautions and get help.

Most frequently asked questions
How do I protect assets that are in both names?
Can I find out how much my partner is in debt?
Am I responsible for my partner's debts?
What if I do protect my assets and my partner gets violent?
How do I protect the family home?
Can I prevent my partner from obtaining more credit?
What questions do I need to ask a solicitor/legal person?
If I seek legal/financial advice will I be making this situation worse?

If you have asked yourself any of these questions, there are professionals who can give you the best answers.

A financial counsellor can help you to:
Clarify your financial situation Negotiate with  reditors Explore money management strategies
Identify who is responsible for each debt

A lawyer can help with:
Asset protection (whether you choose to stay or leave the relationship)
Transfers, caveats, separating your assets, reviewing your will and other processes
Family law regarding separation and discuss the use of intervention orders where safety is an issue

BE AWARE
Strategies to protect yourself

What is your financial situation?

Get an accurate picture of your finances
Check income
Check expenses
Check statements
Check the mail
Find out what names assets are registered in
Find out about all debts
Find out who is responsible for each debt
Be informed and get all relevant documentation regarding bills, demands, and other financial matters
Be aware that having joint assets or debts may not mean a 50/50 split

TAKE CONTROL
Steps you can take now Keep good records or a diary of all finances that is, assets, contributions, gifts, bills, etc.Photocopy and keep in a safe place copies of all important documents such as house title, marriage and birth certificates, tax file number etc.
Don't sign anything you don't understand or are not prepared to pay for Don't take on the gambler's debts
Encourage the gambler to make a note on their credit listing with Credit Advantage Ltd saying they want no further credit Cancel all joint accounts, secondary card holders, internet and phone credit. Get all cancellations in writing Get all accounts, credit cards etc in your name only Take what steps you can to limit gamblers access to family income and assets