Reply to Your spouse’s net worth is not yours!

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Reply to "Your spouse’s net worth is not yours!"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This post is really dumb. There is a huge financial benefit to combining two households into one household. That is obvious to people who are married, and that why divorce is expensive --- you have to double up a lot of costs that were combined before. [/quote]

You don't need to be married to share living expenses with somebody. [/quote]

Marriage is not just about sharing living expenses. Spouse's are not roommates. When you are married you also *legally* share debt obligations and your assets are jointly owned. [b]If you inherit money it becomes a marital asset.[/b] Same with bonuses or real estate sale proceeds. If you die your spouse inherits your estate unless you've gone to great lengths to prevent that. If you have a pension your spouse is generally entitled to a survivors benefit.

If you don't like this, don't get married, bit the reason net worth is calculated as a couple not individually us because legally you are both entitled to it unless you have an air tight prenup and estate planning, which very few people do (even wealthy people).

What's mine is yours. True for marriage, not fir roommates.[/quote]

This is not true as long as you keep it separate and don't commingle it.[/quote]

Lol good luck when the that. Sketchy people will try to hide assets to keep it out of a difference vision of marital property but in states that do marital property this is not legal and can get you penalized in the divorce decree. Look it up.[/quote]

Keeping an inheritance separate and not comingled is neither sketchy nor hiding assets. What an heir inherits is his or hers alone, regardless of marital status.[/quote]

Here  are two other scenarios where inheritance becomes marital property. These are outside the definition of “commingling”

[b]Using the inheritance[/b]
How the inheritance is used during the marriage can also be a factor. For example, if the inheritance is used to pay off a joint mortgage or debt, or to purchase a jointly held property, it may become marital property.

[b]Family heirlooms[/b]
If an inheritance is a family heirloom that is displayed in the home, it may be subject to division based on the court's interpretation.[/quote]

These are examples of commingling.   [/quote]

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