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Reply to "Protecting earned income and assets in a marriage"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Thanks, all. OP back. I don't want to live in preparation for a separation, but it is a real possibility because of the money issues in our marriage. I was hoping there was a legal way to protect earned income and assets. I understand the concept of marital property, but I was looking for a creative way to preserve money for our kids. I could give some to my family, but I don't think they'd be willing to involve themselves. And they don't need any money from me. Although I guess I could gift them money, then they could gift it to my kids in a UTMA or even to me in a trust? If we get divorced, half of "my" savings will effectively go to my in-laws and get diverted from my kids.[/quote] Largely increase your contributions to the kids 529 accounts. Fully fund them for both undergrad and grad school. These are about the only accounts that won't be touched in a divorce.[/quote] This is a better advice than giving money away to your family as a revenge. [/quote]
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