should a person keep money saved up in a different bank from his wife incase something happens?

Question

should a husband not tell her about the money or is tat a lack of trust? incase they get divorce or something.

Answer 1

It won't matter because in a divorce it is illegal to withold information about assets. Her lawyer could easily find out about the account. That's one thing they do. If you try to hide funds and they find out it wont help your case.

Answer 2

It would make no difference whether you keep the money separate, or whether you tell her or not. If divorce happens, the courts will check out your financial situation including any "secret" accounts, and they will decide who gets the money at that time.

If you are worried about something going wrong, then you should either draw up a prenuptial agreement, or make sure you keep careful financial records throughout the marriage. If you do split up and you can prove that you contributed more than your wife financially, then the court will take that into account.

Answer 3

I think its fine for both of the people to have seperate accounts. They should let eachother know about the accounts since secrets can get real ugly when they are discovered. These accounts should be strictly for savings though. So if nothing ever happens the money can be used to help retire comfortably as a couple or put towards unexpected emergancies such as a child getting sick or whatever else may come up. Otherwise, if either one of you get goofy, the other can easily pack up and leave. I don't think anyone should ever let themselves get trapped because they were to niave to save.

Answer 4

you could have the same bank, as long as the wife is not a signer on the account, she can not take any money out. But when you get a divorce, if she knows about the account and how much you have, she may try to go through the court and take it away from you.

Answer 5

In my adventure, having separate monetary corporation money owed motives human beings to distrust the different in a relationship. If this settlement became one you entered into on the starting up, and now you want to modify the guidelines. then you're the only being unfair. If she is hording funds, and it truly is a sparkling situation. then you may opt to attempt to be sure out why she is doing it. Is she planning to split and is placing herself up financially? Is she planning an severe priced kinfolk vacation and socking funds away for it? Is her oldest baby going off to school quickly? there are a selection of motives and the first situation you need to be doing is chatting with her about it. tell her you sense it unfair that you help the completed kinfolk, at the same time as she receives to positioned her funds aside for a moist day. Ask her to examine joint money owed. If she refuses, there is extra to the tale.

Answer 6

I think they should keep accounts separate, but not hide anything from each other. Joint bank accounts are a big burden in the case of a divorce.

Answer 7

It's not a bad idea,for a man or woman,to have first and last + a little spending money.Homelessness, is not a pleasant ordeal,it set back lots of family.So yes and it's not a matter of trust.It's a protection issue.

Answer 8

Keyword: Prenuptuals.

Answer 9

well i would hope that if you were married to someone you would be able to have more trust in them then that. but i know where youre coming from. you can never trust a person completely. i think its always a good idea to look out for yourself and plan ahead. if you dont who will? i dont think its wrong. go for it!

Answer 10

No, a husband should not hide money from his wife. A wife shouldn't hide money from her husband either.