divorce - pre nups

[window]

We have the same problems in Australia. I found this on a news site's comments section disccusing pre nups...There should be an unwriten law that protects the individuals assets pre marriage ans stops this bs from happening.

"The law is a disgrace. Met wife 5 years ago - owned own home worth approx $350k, she had $800 in bank and 6 grand car loan. Now - separated, divorced, she walks off with 70% of house. Best financial move she could ever have made. Not bitter - just much wiser and of course will never be in same situation again. Advise all prospective partners with substantial assets to protect them any way you can."

 

[RedPill]

The common perils and liabilities of marriage are almost cliche here by now.

It's advisable not to get married in the bolded U.S. states if protecting net worth is a concern:

For purposes of distributing assets after a divorce, many states are community property states, meaning both the husband and wife equally own all money earned by either one of them from the beginning of the marriage until the date of separation. In addition, all property acquired during the marriage with community money is deemed to be owned equally by both the wife and husband, regardless of who purchased it. The separation date is important in this analysis, as it is the last day when property is considered "community." Debts work the same way as assets - any debt accrued during the marriage belongs to both husband and wife equally. Each spouse’s 50 percent ownership interest in community property includes equal rights of management and control. There are ten community property states, including California, Arizona, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. In community property states, this is the property that is considered separate, i.e. belonging to only one spouse. This usually includes anything owned prior to marriage, inheritances, and anything a spouse earned after the date of separation. Educational loans can also count as "separate" debts, owned by only one spouse.

Source:
http://www.legal-definitions.com/family-law/divorce-law/community-property-states.htm

 

[Francisco d'Anconia]

It will never cease to amaze me that a guy that has his life together and has everything going for him chooses to then get married blindly. A costly learning experience but a learning experience none the less.