Husband Selling Assets Before Divorce - Richard Roman Shum

From The Law Office of Richard Roman Shum, Esq – Husband Selling Assets Before Divorce explores the critical financial and legal implications of asset dissipation during the divorce process in New York. This episode examines how actions like undervaluing property, transferring ownership to friends, or draining bank accounts can significantly affect equitable distribution and lead to serious legal consequences.

Listeners will learn about New York’s automatic temporary restraining orders (ATROs), which freeze marital assets upon the filing of a divorce to prevent further manipulation. We discuss the distinctions between marital and non-marital assets and highlight how courts evaluate premeditated asset disposal—such as hasty garage sales, hidden wire transfers, or suspect business operations. With insights into how judges scrutinize timing and intent, we explore how improperly sold or hidden assets can impact divorce outcomes.

The episode also features practical guidance on identifying red flags, such as sudden changes in financial behavior or business structure. We’ll cover how legal tools like injunctions, asset freezes, and forensic accounting can be deployed to trace and reclaim dissipated assets. Learn how swift action and detailed documentation can help protect your rightful share of the marital estate.

Finally, we take a closer look at the pivotal role of legal professionals in enforcing disclosure laws and securing just settlements. Attorney Richard Roman Shum, a Manhattan-based property division lawyer with deep roots in New York City, provides strategic insight into preventing financial misconduct. With a client-first approach and a strong command of family law, The Law Office of Richard Roman Shum, Esq is a steadfast advocate for protecting your financial future during divorce.

Law Office of Richard Roman Shum, Esq

20 Clinton St Apt 5d, New York, NY 10002, United States

(646) 259-3416

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