How can one make a divorce more fair if there is income/spending inequality between spouses? (marriage, females)
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One of the biggest problems and liabilities to marriage today is the high rate of divorce. I wish to be married someday but my biggest fear of marriage is divorce, especially after seeing how truly ugly it can be in my own family tree.
More often than not, divorce does not seem preventable.
More often than not there is an income and spending inequality in the relationship, and this factor tends to make divorces much worse than it should be. There are all kinds of things that make a divorce financially miserable, including rash spending by one spouse prior to the completion of the divorce.
Either way in a divorce, often times one side believes that the divorce was not fair for them.
It seems plenty of problems and headaches could be spared in a divorce if the spouses have relatively equal income and spending habits until the divorce is over, making the divorce more fair.
That isn't the case for the most part, since people don't marry for money.
So how can spouses prevent financial theft in a divorce when income and spending habits are different?
Let me get this straight, you're not married, not contemplating marriage and worried about divorce?
Why would someone want to get involved with you if that's your focus?
How does separate finances help anything? In many (most?) states marital assets (those obtained after the marriage) are shared equally.
I think the only way to solve this is to be way more selective about who you marry.
You marry a gold digging spend thrift who refuses to work, dont be surprised when she takes you to the cleaners.
Not just females do that.
One of the reasons why I divorced, probably the biggest reason, was that he was comfortable with maxed out credit cards.
I'm not comfortable unless I'm solvent, no debt.
He's still in debt to his ears, I have absolutely no debt.
If I wanted to, I could retire today.
Sadly, he'll probably have to work until he dies.
Not just females do that.
One of the reasons why I divorced, probably the biggest reason, was that he was comfortable with maxed out credit cards.
I'm not comfortable unless I'm solvent, no debt.
He's still in debt to his ears, I have absolutely no debt.
If I wanted to, I could retire today.
Sadly, he'll probably have to work until he dies.
So how can spouses prevent financial theft in a divorce when income and spending habits are different?
By not getting married. If you are in love with a chick, just live with her and have a bf/gf relationship. Avoid marrying her because if it doesn't work out, you can simply walk away and won't have to deal with any legal or financial issues.
How does separate finances help anything? In many (most?) states marital assets (those obtained after the marriage) are shared equally.
Because your pre-nup (notice I said you also need a pre-nup, not just separate finances) can reserve the legal right of both parties to retain separate, private (not joint) ownership of assets/property acquired after the marriage. That's what a good pre-nup does for you, in addition to spelling out how you might divvy things up if you divorce. I know, because I had this in my pre-nup. There WAS no marital assets, no joint property except real property, which had a very specific clause about ownership (how it was to be acquired, how it would be dissolved if we divorced). We had to make sure we had wills in place leaving everything to the other, since there was NO JOINT PROPERTY.
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I think the only way to solve this is to be way more selective about who you marry.
Nope, you can legally protect yourself before you marry. And SHOULD. Lots of people get nasty surprises after marriage -- smart, observant, selective people.
Because your pre-nup (notice I said you also need a pre-nup, not just separate finances) can reserve the legal right of both parties to retain separate, private (not joint) ownership of assets/property acquired after the marriage. That's what a good pre-nup does for you, in addition to spelling out how you might divvy things up if you divorce. I know, because I had this in my pre-nup.
Forgetting about whether this can be done or not in all states, or overruled by the courts......who the hell would sign that other than a gold digger who brings nothing of value to the table and is expecting to be taken care of by someone with significant financial means, and leave them when they no longer provide that?
"Hey, we are going to be a "team" but, we arent going to have any "team" achievements, nor is there the slightest motivation for you to be commited or faithful to the team"
I can imagine that marriage.
"I think we should get a green couch" "No, I think red" "Well, Ill get the green couch with MY money, and you get the red couch with YOURS"
"Fine, well, my red couch is going in the living room"
"No it isnt, MY money paid for the living room, you can put it in the kitchen, where YOUR money paid for it"
"Fine, Im getting a divorce then and taking my red couch"
"Fine"
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