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Protect Yourself and Your Assets During Divorce

Protect Yourself and Your Assets During Divorce

The prospect of going through a divorce can be daunting. During a divorce, you will face many difficult decisions that have a large impact on your life. This is inevitably stressful, and it can take an emotional financial toll. At Goldman & Goldman, our attorneys are committed to being on your side and being your fiercest advocate. We will work with you and help you to understand your rights and options through this process.


There are three main types of divorce to consider. Your choice will depend on your situation and the preferences of both parties involved. These types are:


  • Contested divorces
  • Uncontested divorces
  • Gray divorces


A contested divorce is when spouses cannot agree to one or more terms of the divorce. In a contested divorce, spouses must negotiate to reach settlements on each disputed or contested issue such as property division, child custody, and spousal support/maintenance. If the spouses cannot agree on the contested issues and reach a settlement, the matter must be brought to court, and the issues are decided by a judge.


An uncontested divorce is when both spouses are in agreement over the terms of the divorce and all of the issues involved. Although uncontested divorces are simpler and more straightforward than contested divorces, it is still vital to follow the legal requirements with care and attention to detail.


The divorce rate of couples over the age of 50 has doubled over the past 20 years in the United States. Gray divorces refer to these couples that are divorcing after over 20 years of marriage. There are often specific issues that couples going through a gray divorce face. Retirement money that was meant to support one household must now be divided to support two households. At Goldman & Goldman, we understand these unique considerations and are prepared to guide you through this transition.

Dissolving Your Marriage Through An Annulment

Divorce and annulments are similar in that they both dissolve a marriage. However, when a couple divorces, they are terminating a valid marriage. When a couple gets an annulment, it is as though the marriage never existed. An annulment legally erases the marriage because it wasn’t legal from the start. In Rhode Island, a court will only grant an annulment under limited circumstances. These include:


Incest: the spouses are closer in familial relation (closer than first cousins) than is legally allowed

Bigamy: either spouse was already married to another at the time of marriage

Mental incompetence: either spouse did not have the mental competence to knowingly and willingly consent to the marriage

Refusal to consummate the marriage: either spouse refuses to have sexual intercourse with the other

The Legal Boundaries of Marital Assets

It is essential that couples understand how property is divided during a divorce. In Rhode Island, property is divided by a system of equitable distribution. In court, the division of assets must be equitable, or fair and just, which does not necessarily mean equal. A legal team can help make this distinction.


Before any property can be divided, it must first be determined whether the property is separate or marital property. Only marital property is subject to equitable distribution in a court of law.


Marital property includes all assets acquired after the date of the marriage. The name on the asset is irrelevant. All property acquired during the marriage is considered marital property and subject to equitable distribution.


Marital property subject to equitable distribution includes:


Any asset or property acquired after the date of the wedding

Debt acquired during the marriage


Separate property includes all assets that each person had or owned before the wedding. Property that an individual possesses before the date of the wedding belongs to the original individual as separate property.


Separate property not subject to equitable distribution includes:


  • Anything inherited by a spouse during the marriage
  • Anything received individually as a gift (from someone other than their spouse)
  • A personal injury reward


There are exceptions to these exclusions that would make separate property considered by martial standards. Thus, it is important to have legal representation when tackling the division of property. At Goldman & Goldman, we are prepared to help you handle equitable distribution matters.

Understanding Alimony and Spousal Maintenance

Alimony has evolved from its inception. Now referred to as either spousal support or spousal maintenance, its purpose is limited to providing the less monied spouse with transitional support. The ultimate goal is to give this spouse time to become more self-supporting.


The amount of time spousal maintenance can be in place is determined by the length of the marriage and other factors regarding the relationship.

Validating Prenuptial and Postnuptial Agreements

Prenuptial agreements allow couples to discuss their financial expectations before the wedding and their expectations of their marriage. Couples most likely in need of a prenup are those with significant assets going into the marriage or who have children from a prior marriage or relationship. At Goldman & Goldman, we can assist you in this process. We can draft a prenuptial agreement that will help you:


  • Protect your assets
  • Protect against your spouse’s debts
  • Protect interests of children from a previous marriage or relationship
  • Define and identify separate and marital assets and property
  • Limit or expand inheritance rights
  • Define future alimony and support payments


Postnuptial agreements offer protections similar to a prenuptial agreement. However, postnuptial agreements are drafted after the date of the wedding rather than before. Postnuptial agreements are often prompted following a substantial inheritance, career change, or other significant change in financial circumstances. They can even be a final attempt to save a marriage.

Resolving Post-Divorce Disputes With Legal Clarity

Post-divorce disputes often arise when there is a change of circumstances after the original settlement is reached. At this point, modifications need to be made to the original agreements. Modifications may be due to substantial changes in income, serious illness or disability, or a parent’s desire to relocate.


Post-divorce disputes also arise when there is a need to enforce an order of support, custody, and/or visitation. These matters are best handled by an experienced legal team in order to resolve things quickly and fairly.

Choose the Family Law Experts in Warwick, RI

Goldman & Goldman has ample experience with all types of family law. We've been helping our clients since 1991, and you can trust us with over 35 years of experience. You'll have many choices for legal support during your divorce, but our personalized, hands-on approach sets us apart.


We're available for you at any point of the process during your marital disputes. We can help with prenuptial agreements, divorce settlements, annulments, spousal maintenance, custody agreements, and more.


We have flexible scheduling with appointments after hours and on Saturdays by request. We can handle same-day appointments and emergency scheduling. We are mindful of your expenses, which is why our personal injury cases operate on a no recovery, no fee basis. We offer different pay rate policies for family law.


However, our consultations are always free. Call now.

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