Started By
Message
re: OT: Anyone ever been through a divorce here?
Posted on 3/6/14 at 10:16 pm to PygmalionEffect
Posted on 3/6/14 at 10:16 pm to PygmalionEffect
quote:
I've been divorced in two states, neither of which was Arkansas and it definitely varies from state to state, but one thing that I believe is universal is that what you had coming into the marriage is yours. What you bought or obtained after the marriage is both of yours regardless of who is actually paying for it.
Theoretically. If I own my home (I do, the majority of the equity is mine), and then I marry and we make any sort of improvements from a joint account or any that can not be proven to be not be shared, then the house is a shared asset. At least that is my understanding of how things go in Arkansas. At a minimum, the burden would be on me to prove my sole ownership of the asset.
This post was edited on 3/6/14 at 10:18 pm
1
Posted on 3/6/14 at 10:26 pm to wmr
yes, i was just thinking on the concept of 'co-mingled assets"
If a couple has a joint account that account is 50-50 regardless of who is putting the money into it.
People that have accumulated wealth going into a marriage should have a pre-nup and should not co-mingle cash.
I always kept a separate individual checking account and so did my ex-wife. At our marriage we opened a joint account and would transfer money from our individual accounts into this joint account to pay for joint expenses like utilities, etc.
I didn't have a house when we married, we bought one shortly after, and of course the ex got 50% of the equity even though I made 70% of the note each month.
I could have gotten hung on the down pmt which was all out of my account but because we had an amicable divorce she gave me "credit" for that.
But part of the reason was that I had leverage with her car that I didn't go after.
If a couple has a joint account that account is 50-50 regardless of who is putting the money into it.
People that have accumulated wealth going into a marriage should have a pre-nup and should not co-mingle cash.
I always kept a separate individual checking account and so did my ex-wife. At our marriage we opened a joint account and would transfer money from our individual accounts into this joint account to pay for joint expenses like utilities, etc.
I didn't have a house when we married, we bought one shortly after, and of course the ex got 50% of the equity even though I made 70% of the note each month.
I could have gotten hung on the down pmt which was all out of my account but because we had an amicable divorce she gave me "credit" for that.
But part of the reason was that I had leverage with her car that I didn't go after.
This post was edited on 3/6/14 at 10:27 pm
Page 1 of 1
Latest Arkansas News
Popular
Back to top
Follow SECRant for SEC Football News