Friday, January 8, 2010

Would you advice ';Seperation of properties'; to a couple who want to get married? or the opposite?reasons?

I am about to get married and my fiance want us to take Seperation of properties .


Ido nt know if i should agree or not , i am confused so i need helps and informations about these status.


Thanks for your attention Would you advice ';Seperation of properties'; to a couple who want to get married? or the opposite?reasons?
While you can have a prenuptial agreement about property acquired before marriage, whether you can do that with property acquired during marriage depends where you live. Many states have community property laws where anything acquired during marriage is owned equally 50/50. And that can become complicated if it is something like a retirement account or something with a loan paid to during marriage.Would you advice ';Seperation of properties'; to a couple who want to get married? or the opposite?reasons?
This is usually a request of people who are established and have property or money before a new relationship started. Usually people from previous marriages and that are older and have built a portion of their life already. Not of a couple who are young and or just starting out with ';nothing';. This means that he wants you to relinquish your rights to anything he owned prior to the marriage that he is bringing into the relationship and earned or owns before you came along. If the relationship doesn't work out and ends in divorce than you won't take any of his stuff that he had (and you didn't help him make) before you met. If you are both starting out with little or no ';stuff'; than today you are equal and should share anything that your make or buy together. If he already owns his own ';stuff'; that he obtained before you met then he has rights to that stuff before the marriage but not anything you buy together after you are married. This is only relevant if the relationship ends in divorce. A lawyer usually will give you 30 minutes of free advise so it is always best to get legal advise and you should always have your own lawyer if you are signing a prenuptial. The prenuptial is prepared by his lawyer and then sent to your lawyer for you to sign.
Separation of Properties only works if one, or both of you, is worried about the possibility of divorce. After all, what difference does it make whose property is whose if you stay together?





In some churches, i.e. Catholic, you can't even get married with a prenup in place. After all, you're not supposed to plan a marriage and plan for the divorce at the same time.





But the reality is that close to 60% of marriages will end in divorce. Sometimes reality is more important than idealism.





When I was young, I started a list of qualities I wanted in a spouse. One of the qualities I looked for was someone who didn't want or need a prenup. I didn't want someone who planned to divorce me ever. Ultimately, it's up to you.

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