Hi:
I am preparing for a divorce with my wife. I have not informed her yet and would like to make sure my financial situation is not ruined by the divorce. We have been married for 4 years (in California) and both still reside here. We have no community property together other than the household goods. My question is, if I purchase an apartment overseas (register under my parents' names) with money from my personal account, will that be considered community property?
I know I should consult a professional lawyer at some point but just wanted to get a sense of what the likely answer is. Many thanks!
2006-12-11 00:46:36 · 9 answers · asked by Spot 1 in Family & Relationships ➔ Marriage & Divorce
you are right, consult an attorney!
2006-12-11 00:49:40 · answer #1 · answered by Anarchy99 7 · 0⤊ 0⤋
Okay, first things first. Build yourself a war chest. Setup a bank account in your mothers' maiden name, or a paternal cousin. Secure the acct so that only you have access, (po box, all acct info) then systematically cipher funds into this acct until you hit your magic number. Do not let anyone but the parties involved what you are doing, this includes your attorney! Once that you have successfully stocked this warchest, then you start the divorce process. Next step, move out of California. FYI
California is a community property state, however I think the marriage or civil union has to be at least five years.
2006-12-11 08:57:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Tough question. The best way to do it would to have a reason you owe your parents the sum of money that it would take to buy the apartment. If you are paying back a loan to your parent and they are taking that money to invenst in a property 'for themselves' you should be 100% fine. You still need to discuss with an attorney.
2006-12-11 08:50:21 · answer #3 · answered by Cyber Stalker 4 · 0⤊ 0⤋
You have to talk to an attorney. Why can't you wait until the divorce is underway before you get an apartment? Is there anyway you can work it out with your wife? Maybe you could try going to counseling or something like that.
2006-12-11 09:25:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋
take what ever you can, you can always be return it.
but if you DO NOT take items, you may never see them again!
If you have joint accounts, yes you very well may get ruined, nothing you can do to stop that. but once you have filed, the court systems will look at spending and maybe help you.
2006-12-11 08:51:25 · answer #5 · answered by timestamps 6 · 0⤊ 0⤋
Inform her first,
then come back for some professional answers.
goof head.
2006-12-11 08:51:52 · answer #6 · answered by helpmegetaname 3 · 0⤊ 0⤋
How could it be considered yours if it's in your parents name?
You'd be safer though if you allowed them to make the purchase to cover your butt.
2006-12-11 08:51:23 · answer #7 · answered by peggin_beast 6 · 0⤊ 0⤋
i think the likely answer is it is community property.
2006-12-11 08:50:55 · answer #8 · answered by sinned 7 · 0⤊ 0⤋
men actually plan this hu? hell we just get up one morning and say "well i'm done with him!"
if its in your parents name no she cant touch it
2006-12-11 08:50:31 · answer #9 · answered by crazylady1193 5 · 0⤊ 0⤋