If I establish any property or a business after I get married, in the event of a divorce will my Spouse be entitled to half? If I set up a trust fund with a Power of Attorney other than my spouse, to put my earnings and savings in, will that be accesible to my spouse, as well?
2006-09-25 03:52:27 · 15 answers · asked by Key Key 2 in Family & Relationships ➔ Marriage & Divorce
yes
2006-09-25 03:53:53 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes your spouse wll be entitled to it because it would be property purchased durning the marriage. The trust fund he/she can't touch because she/he wouldn't be the power of attorney over it.
Maybe you should do a prenup if you are worried about your spouse having access to things after a divorce.
2006-09-25 10:56:16 · answer #2 · answered by miss_lady6980 3 · 0⤊ 0⤋
depends on how the law is. but I believe the law in the u.s and canada are the same, that once the couples are divorced, the spouse automatically gets half of the properties.
2006-09-25 10:54:32 · answer #3 · answered by superboredom 6 · 0⤊ 0⤋
You can put it under someone else's name and trust fund, but she can fight it in court and will probably win. As your spouse, partner, someone who's supported your efforts, washed your clothes, put up with you, bore your children, she's entitled to at least half.
2006-09-25 10:54:46 · answer #4 · answered by janicajayne 7 · 0⤊ 0⤋
If you live in a community property state, your spouse will be entitled to half.
AZ, CA, ID, LA, NV, NM, TX, WA, WS are all community property states.
If you don't live in one of these, you MAY be able to fight giving up half.
2006-09-25 10:58:07 · answer #5 · answered by lynn 5 · 0⤊ 0⤋
Ask an Attorney to be sure but probably yes, she is entitled to half of all marital assests as well as debts.
2006-09-25 10:55:54 · answer #6 · answered by Tahavath 5 · 0⤊ 0⤋
All accounts, including retirement, businesses, and property are considered marital assets. You really should consult an attorney within your state.
2006-09-25 10:57:29 · answer #7 · answered by E. Gads 4 · 0⤊ 0⤋
You sound like you have major trust issues with this person don't marry if you do or get an air tight pre nup
2006-09-25 10:56:24 · answer #8 · answered by poconewyorkwanda 2 · 0⤊ 0⤋
Consider a pre-nuptual contract. Be very honest about your reasons for utilizing it. Let her know you plan to be fair with her if things go south anyway.
2006-09-25 12:57:07 · answer #9 · answered by Sunbaby 4 · 0⤊ 0⤋
Yes. If you have so little trust in her, why get married?
2006-09-25 10:57:55 · answer #10 · answered by AsianPersuasion :) 7 · 0⤊ 0⤋