So, you buy a house before the marraige. Presuming that you paid cash,
and it was $500,000. So as of the date of SEPARATION (you MUST
establish this legally) the market is UP, and the house is worth
$600,000. Then she will be entitled to ($600,000 - $500,000)/2 =
$50,000. IF, OTOH, the market is DOWN and the house is only worth
$450,000! THEN SHE OWES YOU ($500,000 - $450,000)/2 = $25,000!
>On Oct 25, 10:53 am, NewMan <CloakedRun2
...@yahoo.ca> wrote:
>> How naive can you get???!!!
>> If the MAN brings in the $1 Million, then what will most likely happen
>> is that the wife will get the house and furniture, AND she will get
>> 1/2 of the cash on hand. So, Man with $1 Million marrys and divorces 6
>> months later and walks away with $250,000 - LESS his and HER lawyers
>> fees and likely with an order for spousal support for 1 to 2 years,
>> and no roof over his head. He would be lucky to walk away with the
>> shirt on his back.
>> If the gender roles are reversed, then the man will likely be taken
>> away from the marital home in handcuffs by the police. He will NOT
>> receive any of the cash, or the house. AND, if there are children
>> involved, he will likely be ordered to pay child support - even though
>> he has no home and can't afford to put Hamburger Helper on the table.
>> And his failure to pay that support will likely land him in Jail.
>> This is what the courts - heavily infulenced by the femminist lobby -
>> call "equitable distribution".
>> This is why any rich man with a brain in his head either does not get
>> marrried, or has a TEAM of lawyers draw up a bullet-proof pre-nuptual
>> agreement.
>> Case in point - Paul McCartney. What a yutz! He was advised that a
>> pre-nup was a good idea, and he thought he knew better, and it is
>> going to cost him - in excess of $100,000,000 - or is that 100,000,000
>> pounds sterling? Does not matter. All this makes his money grubbing
>> s2bx is no more than a high-priced whore. Somehow she feels ENTITLED
>> to a piece of Sir Pauls fortune - even though she was never around
>> when he was busting his butt trying to get his first single song some
>> air-play. Amazing. But Sir Paul was forewarned, and chose to ignor
>> that warning. I bet he wont make THAT mistake again any time soon!
>> I digress...
>> You need to seek legal advice as the answer to your question will vary
>> significantly based on the jurisdiction where the divorce is filed.
>> Where I live, any money which is "co-mingled" - IE put into a joint
>> bank account - SHOULD be split 50/50. This often does not happen - and
>> in favour of the woman. Also, any money or assets which are "used for
>> marital purposes" SHOULD be split 50/50. Again, this usually does not
>> happen - and in favour of the woman.
>> Where I live the only shot a man in this situation has is that his
>> money STAYS in an account IN HIS NAME ONLY, and he never touches the
>> account - not even ONE CENT - during the marriage. Any withdrawl from
>> the account to do something stupid liuke purchase the marital home
>> would give the courts all they need to declare that the account was
>> used for "marital purposes", and then award at LEAST 50% of that
>> account to the s2bx wife. She could then use that money to tie him up
>> in court and squeeze more out of him.
>> A better deal for the man with $1 Million would be to purchase a house
>> in HIS NAME ONLY - BEFORE - marraige, and rent it out to someone else.
>> Then use the proceeds from the rental - which would be considered
>> marital income - to rent / buy the marital home! That way the asset
>> has NEVER been used for "marital purposes". Possession in 9/10 of the
>> law. If the house is in HIS name, then the courts would be hard
>> presses to try and take it away from him. They might try, but I think
>> it could be sucessfully defended on appeal.
>> Basically men are screwed royally - especially those with some money,
>> but not alot. Men with alot of money are still screwed, but they have
>> so much money it is more of an annoyance than anything else.
>> I pray you are not in this situation.
>By pure luck I bought my house before marriage.. Thank God!
>Though I'm probably screwed for the furniture. I live in PA.