Reply to SAHM: what do you do to protect yourself financially?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My wife has not worked in 20 years. She came into marriage 20k cash and a Toyota with a loan.

My net worth was 100k

Today our net worth 5 million of which she gets 2.5 million in divorce. She also collects my full SS as married over 10 years

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Exactly. So much fear mongering on this thread. Newsflash - in a divorce, BOTH partners have less money than prior to divorce. This is basic division. Doesn’t mean anyone is living on the street.[/quote]

If there are substantial assets in the marriage that aren't offset by debt, it works out okay. Lifestyle of both parties is decreased, but nobody is out on the street. But even in high net worth divorce, and frequently in middle income divorce, the assets aren't as solid as they seem. I realize everyone here is certain that could never happen to them, but of course it certainly does happen. Getting half of a heavily mortgaged estate isn't a win.

There is a smug certainty in a lot of these posts that doesn't match the experiences of the divorce attorneys I know.

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