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#21
07-01-2007, 12:53 AM
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Re: In divorce does 50/50 always apply?
Incorporate offshore. Funnel assets there. Probably incredibly illegal but screw her.
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#23
07-01-2007, 01:01 AM
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Re: In divorce does 50/50 always apply?
Also, this is the reason I am very, very, very against getting married. I'll be damned if someone is going to get half my [censored] for doing nothing. Just have to be careful to avoid being common law.
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#24
07-01-2007, 01:14 AM
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Re: In divorce does 50/50 always apply?
[ QUOTE ]
Also, this is the reason I am very, very, very against getting married. I'll be damned if someone is going to get half my [censored] for doing nothing. Just have to be careful to avoid being common law. [/ QUOTE ] Oh yeah, you can be 100% sure that after witnessing this marriage I will never, ever get married; not necesarily for the financial reasons, but for other reasons as well.
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#25
07-01-2007, 01:22 AM
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Re: In divorce does 50/50 always apply?
the only the good thing about marriage (unless your partner is from another country) that i can think of is the tax break.
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#26
07-01-2007, 01:28 AM
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Re: In divorce does 50/50 always apply?
[ QUOTE ]
She doesn't actually make anything really, just spends his money. [/ QUOTE ] Gee, we all found *this* answer to be very surprising. AMIRITE?
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#27
07-01-2007, 01:40 AM
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Re: In divorce does 50/50 always apply?
Sounds like your dad's well-off, he should see a lawyer def. See if she'll take a lump sum and 1 of the houses or something to get out of his life forever. He'll be a little poorer but a lot happier.
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#28
07-01-2007, 01:41 AM
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Re: In divorce does 50/50 always apply?
[ QUOTE ]
[ QUOTE ] he needs to hide his assets without ur mom knowing. [/ QUOTE ] how does one do that? (or was this a joke? Is this legal? lol) [/ QUOTE ] There are ways to make it legal where he doesnt own anything. It involves offshore structures which are completely legal. He would still be in full control of the assets and he/ you and your brother could be set as benificary if the structure was ever dissolved.
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#29
07-01-2007, 01:43 AM
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Re: In divorce does 50/50 always apply?
I'm not a lawyer, but can't he just give his money and property to you guys and then you guys can either just give it back after the divorce or just give him free reign to manage everything and spend as he pleases.
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#30
07-01-2007, 02:00 AM
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Re: In divorce does 50/50 always apply?
That's an interesting idea. I wonder if I can think of a way to suggest it without sounding like I want to take his money. :P
But also, I think her name may be on some of the houses, if not all of them, as a co-signer or whatever it is people do when they buy property. - Might this effect things? She may have to sign whatever document is created that says he is giving my brother or myself the property (I don't know if this is true) Are there taxes on gifts like this? I remember hearing there is a tax on any gift over $10,000 - not sure if this is correct. I'd like to again emphasize that he does not have much money at all, aside from his pension which he just got, all his money is in the real estate.
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