Money Management With Spouses

[dre2142]

Originally Posted by harryhoudini

To be fair, legally isn't that the case? I don't have much insight into divorce proceedings, so correct me if I'm wrong.

not wrong at all....lol.

[cazzie34]

Originally Posted by harryhoudini

To be fair, legally isn't that the case? I don't have much insight into divorce proceedings, so correct me if I'm wrong.

Not necessarily. Depends on the state. Only 9 states (community property states) is that definitely the case. Wisconsin, Louisiana, Texas, New Mexico, Arizona, California, Nevada, Idaho, and Washington.

[M. Steng]

Originally Posted by cazzie34

Not necessarily. Depends on the state. Only 9 states (community property states) is that definitely the case. Wisconsin, Louisiana, Texas, New Mexico, Arizona, California, Nevada, Idaho, and Washington.

Yeah, but most other states are equitable distribution which is a shitshow and totally unpredictable. Still better than community property IMO

[cazzie34]

Originally Posted by M. Steng

Yeah, but most other states are equitable distribution which is a shitshow and totally unpredictable. Still better than community property IMO

Makes my job easier though. Oh, you got it during the marriage, yeah she's automatically entitled to half.

[M. Steng]

Originally Posted by cazzie34

Makes my job easier though. Oh, you got it during the marriage, yeah she's automatically entitled to half.

Yep, equitable distribution in CT is basically whoever has the better/more creative [read: more expensive] lawyer will most likely be getting the most they possibly can within the boundaries of equity and fairness.

[YouNeverKnow25]

Originally Posted by cazzie34

Not necessarily. Depends on the state. Only 9 states (community property states) is that definitely the case. Wisconsin, Louisiana, Texas, New Mexico, Arizona, California, Nevada, Idaho, and Washington.

eh this is iffy at best in the context of the discussion because it assumes that if a state is not community property, it doesn't view a married couple as one person. that itself is a shaky definition of community property because community property is a presumption that a marriage is a separate entity (the "community") from the two people, not that the two people are one.

two people getting married to become one person for the purposes of holding legal title to real or personal property is better described as tenancy by the entireties, which almost all non-community property states have.

[scrock25]

Goddamned fucking lawyers lawyering the shit out of this thread.

[cazzie34]

Originally Posted by YouNeverKnow25

eh this is iffy at best in the context of the discussion because it assumes that if a state is not community property, it doesn't view a married couple as one person. that itself is a shaky definition of community property because community property is a presumption that a marriage is a separate entity (the "community") from the two people, not that the two people are one.

two people getting married to become one person for the purposes of holding legal title to real or personal property is better described as tenancy by the entireties, which almost all non-community property states have.

Oh, it's iffy at best in the context of the discussion?

I'll see myself out then.

[M. Steng]

Originally Posted by cazzie34

Oh, it's iffy at best in the context of the discussion?

I'll see myself out then.

[rconverse]

Originally Posted by dre2142

Very very weird, but for some reason, im not surprised its you that does this

If it wasn't my sister, who's a CPA, would it be less weird?

[cazzie34]

Originally Posted by rconverse

If it wasn't my sister, who's a CPA, would it be less weird?

Yes. It'd be less weird. Still weird though unless you are a multimillionaire.

How many people in your income bracket have money managers? Less than 1%?

And to claim that you spend money without thinking about it makes it seem like you are on a self imposed allowance. If you have money spending problems then it is a good idea but just to do it for no real reason (you didn't indicate any money spending problems) is weird.

[dre2142]

Originally Posted by rconverse

If it wasn't my sister, who's a CPA, would it be less weird?

Yes, still weird unless you are a multimillionaire or own many business's or something to that effect.

Less weird, but still weird.

[Route_2]

This might not be the best forum to ask, but curious if you get married in a community property state but divorced in an equitable distribution state, which would apply? I'm assuming the state the marriage license is issued in?

[M. Steng]

Originally Posted by Route_2

This might not be the best forum to ask, but curious if you get married in a community property state but divorced in an equitable distribution state, which would apply? I'm assuming the state the marriage license is issued in?

Wherever the marital domicile is located is the state that will have jurisdiction over the dissolution action. This is usually pretty straightforward outside of situations where the couple owns multiple homes and spends time in all of them during a given period.

[Climb2safety]

Originally Posted by Route_2

This might not be the best forum to ask, but curious if you get married in a community property state but divorced in an equitable distribution state, which would apply? I'm assuming the state the marriage license is issued in?

You have to file in your resident state and I would expect their rules to be followed.

[drop2d]

Originally Posted by M. Steng

Wherever the marital domicile is located is the state that will have jurisdiction over the dissolution action. This is usually pretty straightforward outside of situations where the couple owns multiple homes and spends time in all of them during a given period.

Yeah, so if you're marriage is rocky definitely pay attention to the state in which you are currently residing and don't get lured to another state where they regularly fuck dudes over.

This may or may not have happened to a younger drop2d who could not afford a lawyer.

[rconverse]

Originally Posted by cazzie34

Yes. It'd be less weird. Still weird though unless you are a multimillionaire.

How many people in your income bracket have money managers? Less than 1%?

And to claim that you spend money without thinking about it makes it seem like you are on a self imposed allowance. If you have money spending problems then it is a good idea but just to do it for no real reason (you didn't indicate any money spending problems) is weird.

1.) How do you know I'm not a multi-millionaire?!?

2.) Do you use auto pay for bills or anything like that? It's pretty much like that except I don't set up the auto payments. It's not like I don't know how much money I have at any given time, I just don't have to do anything. Imagine a world where you don't have to worry about when anything is "due." It's pretty awesome.

[rconverse]

Originally Posted by dre2142

Yes, still weird unless you are a multimillionaire or own many business's or something to that effect.

Less weird, but still weird.

Well....Your face is weird!!

[cazzie34]

Originally Posted by rconverse

1.) How do you know I'm not a multi-millionaire?!?

2.) Do you use auto pay for bills or anything like that? It's pretty much like that except I don't set up the auto payments. It's not like I don't know how much money I have at any given time, I just don't have to do anything. Imagine a world where you don't have to worry about when anything is "due." It's pretty awesome.

I don't have to imagine it. I lived it from birth to 16 years old when I got my first car.

[rconverse]

Originally Posted by cazzie34

I don't have to imagine it. I lived it from birth to 16 years old when I got my first car.

Okay, imagine going back to that.

Still have to work though. I haven't figured out how to get the money for free yet.

[cazzie34]

Why did you start having your sister take over your finances?

[Route_2]

And do you pay her for this service or is it just a family solid?

[rconverse]

Originally Posted by Route_2

And do you pay her for this service or is it just a family solid?

No, I don't pay her in money but I'm always the first called when she needs a "favor", which usually consists of shitty manual labor. It all works out in the end.

[harryhoudini]

Note to self: Don't ask legal question in any thread ever, unless the goal is to derail the thread entirely into legalize discussion...

[jmc419]

I don't think it matters how money is stored between you and your spouse. It's all the same bucket no matter how it is split, stored or spent - so long as both parties are on the same page with spending, saving, investing, etc.

[Beefsteak1138]

Originally Posted by scrock25

Goddamned fucking lawyers lawyering the shit out of this thread.

Aren't you a paralegal?

[Climb2safety]

Originally Posted by jmc419

I don't think it matters how money is stored between you and your spouse. It's all the same bucket no matter how it is split, stored or spent - so long as both parties are on the same page with spending, saving, investing, etc.

Except in cases where one spouse brings money or assets into the marriage.

Then it gets a little more complicated.

[YouNeverKnow25]

why would that be more complicated. if you don't want to share your money or assets...don't get married

[Climb2safety]

Originally Posted by YouNeverKnow25

why would that be more complicated. if you don't want to share your money or assets...don't get married

I was thinking in terms of how things get split up if there is a divorce.

Maybe I misread the conversation.

[jmc419]

Originally Posted by Climb2safety

Except in cases where one spouse brings money or assets into the marriage.

Then it gets a little more complicated.

You mean a prenup?

That sounds like a horrible way to start a marriage. Well, unless one side is loaded. Like Trump gold toilet loaded.