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Started By
Message
"Separate Checking accounts"... The reality of "actual ownership"
Posted on 11/14/19 at 2:51 pm
Posted on 11/14/19 at 2:51 pm
There may be some misconceptions about any possible benefits of having separate accounts in the current OT thread. In Louisiana, the money is not legally "separate", nor is anything you purchase with it.
The main thing I wanted to point out that may be of use to someone either married getting married is the legal nuances of home ownership. Just like cars, whose name is on the title, whether or not you paid for it out of "your own account" with "your own money"...and whoever's name is on the title that paid for it "separately"...it doesn't matter both still own it and everything bought with ANY MONEY...**WHILE** you are married, no matter where it came from...the other spouse still owns equal amount.
But, it you own your house BEFORE you are married and you want to keep if there should ever be a split, you MUST speak with your attorney or title attorney about any payments made towards the mortgage.
If your house was paid for before you were married and you end up selling as a couple to get another house, a good title attorney is able to protect you IF you tell him what's going on. I could give details but as much as we want a marriage to succeed, **REALITY says there are as good of odds it won't as it will.
You can keep what was yours before married if you word a mortgage as it really should be when a change is made. And this is also part of the law...what was yours BEFORE will stay yours if there is a split... it's just a simple step that must be taken each time a change of status is made that will protect you. It's actually not fair if you paid for a $300,000 home before married and a year later then a woman changes her mind ...and after 12 months, she benefits by $150,000 more money than she put in...and the law and courts see it that way... but "words" REALLY matter. Be wise, get advice, and best wishes to anyone married to stay that way.
Divorce can be much more destructive than you could imagine.. and in more ways than you could imagine... if more mistakes were made than just the choice of spouse. Just take the extra step of getting advise.. your "wife" will understand if she is reasonable and is informed of the law beforehand.
This has nothing to do with a pre-nupt... just properly keeping track of what was actually yours or hers BEFORE...the law says it should stay that way and it will... **IF... this is properly kept track of with proper "wording".
The main thing I wanted to point out that may be of use to someone either married getting married is the legal nuances of home ownership. Just like cars, whose name is on the title, whether or not you paid for it out of "your own account" with "your own money"...and whoever's name is on the title that paid for it "separately"...it doesn't matter both still own it and everything bought with ANY MONEY...**WHILE** you are married, no matter where it came from...the other spouse still owns equal amount.
But, it you own your house BEFORE you are married and you want to keep if there should ever be a split, you MUST speak with your attorney or title attorney about any payments made towards the mortgage.
If your house was paid for before you were married and you end up selling as a couple to get another house, a good title attorney is able to protect you IF you tell him what's going on. I could give details but as much as we want a marriage to succeed, **REALITY says there are as good of odds it won't as it will.
You can keep what was yours before married if you word a mortgage as it really should be when a change is made. And this is also part of the law...what was yours BEFORE will stay yours if there is a split... it's just a simple step that must be taken each time a change of status is made that will protect you. It's actually not fair if you paid for a $300,000 home before married and a year later then a woman changes her mind ...and after 12 months, she benefits by $150,000 more money than she put in...and the law and courts see it that way... but "words" REALLY matter. Be wise, get advice, and best wishes to anyone married to stay that way.
Divorce can be much more destructive than you could imagine.. and in more ways than you could imagine... if more mistakes were made than just the choice of spouse. Just take the extra step of getting advise.. your "wife" will understand if she is reasonable and is informed of the law beforehand.
This has nothing to do with a pre-nupt... just properly keeping track of what was actually yours or hers BEFORE...the law says it should stay that way and it will... **IF... this is properly kept track of with proper "wording".
This post was edited on 11/14/19 at 7:33 pm
Posted on 11/14/19 at 2:53 pm to MiDixon Yermouth
I'm not reading all that
Posted on 11/14/19 at 2:55 pm to MiDixon Yermouth
You're thought is that people only keep separate checking accounts because they are preparing for divorce?
And the 50% divorce rate is a false/misleading number as much as the "wage-gap"
And the 50% divorce rate is a false/misleading number as much as the "wage-gap"
This post was edited on 11/14/19 at 2:58 pm
Posted on 11/14/19 at 2:56 pm to MiDixon Yermouth
this shite put me to SLEEP my man congrats. bottle and sell this you'll put lunesta and ambien outta business
all natural baybee
all natural baybee
Posted on 11/14/19 at 2:56 pm to MiDixon Yermouth
my account pays for everything.
her account pays for shoes and purses.
her account pays for shoes and purses.
Posted on 11/14/19 at 2:57 pm to MiDixon Yermouth
This message brought to you by the Law Offices of MiDixon Yermouth. The official Dick’s in your Mouth attorneys of the LSU Fighting Tigers.
Posted on 11/14/19 at 2:57 pm to MiDixon Yermouth
Sorry about the divorce dude
Posted on 11/14/19 at 2:58 pm to MiDixon Yermouth
"Dear Law School Diary..."
Posted on 11/14/19 at 2:59 pm to MiDixon Yermouth
you sound like a guy that got burned during a divorce and now thinks he's a divorce lawyer
Posted on 11/14/19 at 2:59 pm to MiDixon Yermouth
And why did this need it's own thread?
Posted on 11/14/19 at 3:00 pm to Displaced
quote:
You're thought is that people only keep separate checking accounts because they are preparing for divorce?
I don't think even one person mentioned separate accounts in case of divorce in that thread. It was pretty much all already had separate accounts, separate so they can spend on what they want, separate so the other can't see them buy bday/Christmas gifts, etc.
Posted on 11/14/19 at 3:01 pm to MiDixon Yermouth
It appears you got highly burned during divorce proceedings.
Posted on 11/14/19 at 3:09 pm to MiDixon Yermouth
Slow day at the estate planning office? Should have been a noble steed and gone the PI route. Vote for snake eyes please.
Posted on 11/14/19 at 3:13 pm to MiDixon Yermouth
Whatever.
My wife and I have had a joint checking account for 20 years now. Whatever works.
My wife and I have had a joint checking account for 20 years now. Whatever works.
Posted on 11/14/19 at 3:51 pm to MiDixon Yermouth
My separate account is so my wife doesn't know what I pay for sports tickets, beer, and random Amazon purchases, not because I am worried about a divorce. Likewise, counselor, her separate account is so I don't know what she spends on cookbooks and clothes.
Now that I think of it, our separate accounts are doing more to prevent a divorce than preventing one.
Now that I think of it, our separate accounts are doing more to prevent a divorce than preventing one.
Posted on 11/14/19 at 3:54 pm to MiDixon Yermouth
Yeah my parents have separate accounts and I’m like yeah, that’s cute
I actually have a premarital agreement separating our community, but have a joint account.
I’m not keeping any money from my wife. But immunity Property only benefits your creditors
I actually have a premarital agreement separating our community, but have a joint account.
I’m not keeping any money from my wife. But immunity Property only benefits your creditors
Posted on 11/14/19 at 3:56 pm to MiDixon Yermouth
Thanks for your community property primer. You should publish it. By “publish,” I mean use it to line a bird cage or clean some fish.
Posted on 11/14/19 at 4:55 pm to MiDixon Yermouth
community property is whatever was obtained through the industry of the spouses during the marriage. separate property is that which was brought into the marriage, or received by one spouse by donation or inheritance, along with those items purchased with separate property.
if you bring a metric shite ton of cash into the marriage and keep it segregated from community funds, anything you buy with the separate cash is separate also.
if you bring a metric shite ton of cash into the marriage and keep it segregated from community funds, anything you buy with the separate cash is separate also.
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