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Reply to "SAHMs, how much money do you have in your own name that is not joint?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]^^Not saying that OP is in that situation, just that that's when it matters whether it's in your name versus his. [/quote] Aha. Not SAHM, but I earn much, much less. But I always understood if we were to divorce all our accounts, even my meager ones, would be pooled and counted in the settlement.[/quote] Right but divorces aren't always easy peasy -- they can be contentious; they can be dragged thru the courts for a while; and it can take a while for the money situation to be worked out. If a SAHM wants to divorce and DH doesn't and it's a contentious circumstance -- he can make it REALLY hard for her to walk away bc she doesn't $ for an apartment, food, let alone a lawyer and she can't wait months for the divorce settlement money to arrive bc where should she live in the meantime? Even a low paying non SAHM is better off bc presumably she could at least go get herself n apartment and food -- bc presumably the job pays a living wage upon which her colleagues are able to live/eat even if they don't have a spousal income so she could do the same.[/quote]
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