Non-community property states are equitable distribution states. In those states, the judge can choose what % each spouse gets. They will often give the lower earning spouse more than 50% because the idea is that the higher earning spouse can make up the difference more quickly. This is especially true is a woman is a stay-at-home-mom.A few family members (boys) are planning to get married in the next couple years. One question I am frequently asked is how do I keep what I earn separate from spouse. Initially my reaction was to advise not marrying, but I researched more about prenups/post nups and community property and there is a lot men can do if they want this type of arrangement
1) Reside in a non-community property state (if in the US)
This is helpful. But assets and debts are still split.2) Always marry a woman who has a job that can feed her
Can work if written well and if the judge doesn't see a hole in it.3) Sign a well vetted prenup with presence of attorney
Yea, paying rent which is usually higher than a mortgage payment makes a lot of sense... NOT! At least with a house, it can be sold and there is equity.4) Do not buy a house, it is considered community property in most states, always rent and always pay portion of rent
How about each, husband & wife, put down equal amount in down payment and then make payments out of community income.
5) Always use separate bank/financial institutions to deposit any and every form of earning, ask wife to sign assignment of interest form from financial institution
Filing taxes as married filing separate is a much higher rate than filing married (joint). It's a higher tax rate than filing as single. So, both spouses would pay higher tax rates.6) File taxes as married filing separately (is this needed?)
So far you are suggesting not to buy a home which is not only the largest invest most people have and to pay a very high rate of income tax.
What's purpose of being married?7) Regularly sign postnups after marriage
Yea, the tip is if someone is this paranoid, they should not get married.8) Banks/financial institutions in your name should only have month or two of expenses, any and every investment $ to be invested through a gift to your parents or a trust (if you have the $$$$)
9) Any remaining assets to be in non traceable form ex. gold, crypto, buried cash etc. (assuming its legal in your state to hide assets)
Any other tips from members here? Don't want the 'don't marry if you don't trust her'. Its impossible to fully vet someone prior to marriage leave alone predicting their behavior several years later