How to protect assets?

[User_97d28dd1]

U

User_97d28dd1
PARTICIPANT
January 21, 2025 at 3:44 pm

Throwaway account.

Wondering how best to protect financial assets (MF investments, NPS and some stock) in case of a divorce from the spouse?

Spouse is currently the nominee but that’s only in case of death.

What about a divorce situation? I don’t want to be out on the streets and start from zero. Nor do I have parents or siblings who I could transfer my investments to and was wondering if it’s best to:

(A) form a trust and have the trust hold the investments?

(B) make myself the beneficiary during my lifetime after which my kid will be the beneficiary till kid attains majority after which the trust dissolves and the corpus vests in kid?

All real estate is currently held in our joint names so can’t do much with that.

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[User_b7c1479e]

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User_b7c1479e
PARTICIPANT
January 21, 2025 at 4:12 pm

Lawyer and advocate here won’t give answer instead they will justify biased law because lawyers and advocates get benefit along with wife

I know I am going to get downvotes

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