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re: OT: Anyone ever been through a divorce here?
Posted on 3/6/14 at 10:26 pm to wmr
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
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