Reply to Someone please explain me marriage in America

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[quote=Anonymous][quote=Anonymous]A lot of people have totally joint accounts.  But a lot of people married later in life and had been managing their own money for years before they met.  It can be hard to all of a sudden merge all your money when you have two different spending/saving styles.  Easier for some couples to have some joint money and some individual money.  I'm single and 39 so if I married, I'd do it this way - I will never be comfortable with an 100% joint account.  ([b]and I have assets and a child to protect[/b].)[/quote]

Maintaining separate accounts does not mean that your assets are safe if you marry and then things go south.  Laws differ in jurisdictions so it depends but as a general statement, keeping things in your name only during marriage does not mean that they're not truly owned jointly.  It will be harder for the other spouse to claim those funds or assets (it will take legal proceedings) but it's pretty straight forward.  Let's say if you're earning more $ than a spouse and have it deposited into an account with just your name on it--doesn't mean your spouse doesn't have legal rights to it.[/quote]

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