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There are Better Ways to Protect Your Assets…

May 15, 2017
Lindsay M. Schoeneberger

In the world of you just can’t make this stuff up, a woman recently swallowed over $7,000 in cash to keep it from her husband.  Apparently she had been saving for a vacation to Panama and was concerned that her husband would take it during a recent dispute.

There are several ways this woman could have protected those assets rather than swallowing them.  The most obvious answer would be a bank account in her name only.  While the couple is married and the money, if earned during the marriage, would be considered marital property in Pennsylvania in the event of a divorce, it would have been protected from him squandering it or taking it from her.  If she was so concerned about him taking her money, a prenuptial agreement prior to marriage could have protected the entire sum and then some.  If this distrust of her husband is a new development, she may want to speak with an attorney about her rights and how to protect this money.

Swallowing any sum of money is not a good idea.  It does make others question one’s capacity.  Perhaps a guardian may need to be appointed to protect her assets.  According to doctors, $5,700 was recovered from the woman during emergency surgery.  Which begs the question- what happened to the rest of the money?

Lindsay Schoeneberger is an attorney at Russell, Krafft & Gruber, LLP in Lancaster, Pennsylvania. She received her law degree from Widener University School of Law and practices in a variety of areas including Family Law.