Protecting Assets From a Divorce

[mgookin]

Within any given community there is a range of beliefs, experiences (some more traumatic then others), religions, values, etc. This venue is global. Let's agree that we will all disagree to some extent on those beliefs and values.

The question asked is how to protect pre-marital assets from potential divorce proceedings in the event the unfortunate occurs.

It looks like there's been some informative feedback provided to OP and he now has some good direction.

Although my opinion is moot like anyone else's, I agree that those who ridicule marriage are likely products of a particular event that instills that belief in them. While marriage is a legal and often religious thing, it's also a perceived "perma-bond" between two people who become one. For those who marry once and enjoy it until death do them part (homocide excepted) it's a beautiful thing.

In any pre-nup or similar, one has to consider the other side. I don't see how anyone can say that asking one to sign a pre-nup is anything other then distrust (whether in that person or lack of faith in the commitment) so there will be some ill feelings whether expressed or not.

A "covert trust" with some but not all pre-marital assets may be a good middle-ground solution. If 25 years from now the trustee chooses to come forward with this trust whether in a will or otherwise, he can always deny the real origination of the trust and make up something constructive and believable (I was in a car accident as a young kid and got this money which went into a trust and I pretty much forgot about it; wow - look at it now!)

 

[guy990opl]

Hi there,

english is not my first language, i am from Europe so forget my grammar mistakes...

you are right 100%, my home was dysfunctional and marriage between mom and dad was a joke at best so that did not help to have a more relaxed view on marriage...however I will also tell you that as I grew up I see day in and day out that marriage is good only for very few people

the guys that...

can be monogamist

or/and

want to have kids or a family

or/and

have not much going on for themselves and think nothing much of themseves in terms of future accomplishments, they think they will never be successful ...I mean if you see yourself getting to the point of making 500 k a year or more, any reason why you would get married ?

I do believe that I will get to that point so I will never get married.

http://www.giv72.com/

See, today we live in a society that is completely against the single male, I mean the system is againt the man if the couple ever get divorced.

http://www.people.com/people/article/0,,20219844,00.html

Price is reality !

After the divorce Phil Collins paid his wife, 46 million cash payout !

Why ?

Well well well don't you know ?

She has the magic vagina.

No thanks !


again: when my heart is broken, my wallet is what is going to carry me on.


ps: and yes, fat women are for poor men, sad but true.

you wrote:

Quote from sellindexvol66:

is it possible your attitude is the result of a dysfunctional home and/or divorced parents? no offense of course.

 

[mgookin]

Quote from guy990opl:

Hi there,

...

See, today we live in a society that is completely against the single male, I mean the system is againt the man if the couple ever get divorced.

I agree that upon divorce most things (including and especially the kids) are awarded by the courts in a biased fashion against the man.

But I would like to make another point.

As a single man most of my life, I pay the absolute highest taxes. I have no children. I very well may one day have children, but as of this time I don't.

So why am I putting the least burdeon on the system (schools, roads, medical, social welfare, etc.) and I pay the highest taxes? It's as if irresponsibility is rewarded and those who chose to keep their pecker in their pants when they were teenagers are forced to pay for the irresponsible ones who did not.

Some high school drop out fathers a half dozen kids, he pays no taxes, I buy his food, housing, medical for him and his kids, pay for the schools and teachers to educate his kids, etc. all the while he is the irresponsible one while I worked my ass off and went to college and made the responsible decision to wait until I could provide 100% for a family before doing it. This to me does not make sense.

We have socialized having families.

Had I known when I was 14 years old what know today about how society socializes and subsidizes having children, I would have had two dozen starting at age 14.

Same with crime. If I knew when I was a kid that juveniles are not accountable for crimes they commit, I would have robbed every bank I could find. There is no accountability. Upon reaching age 18 in the USA all criminal records are destroyed (or sealed).

What moron came up with these rules? Someone probably who was a bad kid, committed crimes as a juvenile and fathered lots of children at an early age. NOthing like good old corruption in America.

 

[fantastic_real]

Read all the posts here and it seems to me :
DON'T GET MARRIED NOW.

2. Tell her you love her and you are first going to help her become rich in her own rights before getting married.

Otherwise: why don't you go and look for a woman who is already rich?

 

[propseeker]

Quote from mgookin:

In any pre-nup or similar, one has to consider the other side. I don't see how anyone can say that asking one to sign a pre-nup is anything other then distrust (whether in that person or lack of faith in the commitment) so there will be some ill feelings whether expressed or not.

This seems to be a common belief on this thread... that a pre-nup is a lack of faith in the other person or an act of distrust. Here's the problem with that: in the US, marriage isn't only just a symbolic union between two people, it's also a state regulated legal contract with monetary penalties if the contract is violated or broken!

If a man seeks a pre-nup, he's legitmately taking responsibility for his life and his finances. By definition this is a positive thing, and a woman who is not in competition for his balls will feel this as a postive thing... even though she may pout. A pre-nup is a move made by a man communicating that the marriage will be on his terms... he is basically saying that he does not agree with and is rewriting the monetary penalty aspect of state based marriage laws. the only distrust here is between him and the state who is impinging on his personal life, rights and finances.

for those of you arguing pre-nups are a man's attempt to 'control' a woman with rational arguments vs love and feeling, i say this: do not be alarmed by how rational a woman becomes when calculating her end of a divorce settlement.

the real demon here is not ball-stealing gold diggers, or overprotective authoritarian males... it's state regulation of the act of marriage. ultimately, it is that that undermines the sanctity of the union.

 

[aeliodon]

A new question came to my mind:

Lets say a man gets divorced and he is paying 5k/month for spousal support (limited due to prenup) and is paying court ordering 10k/month for child support.

Now is the 10k/month in child support required to be spend on the kids? Or can the woman go on a spending spree each month and blow the money on herself?

I don't think I'd have a problem paying however much the court orders on child support but if the bitch is spending that money on herself then that's a travesty.

 

[Epiphany]

Quote from aeliodon:

I'm gonna get married in 2009.

I will ask for a prenup. But I hear that in most foreign countries, prenups are not recognized by the courts. I also hear that in America, whether a prenup is upheld or not largely depends on the judge.

So I ask, what are some other ways to protect assets from a divorce?

For example can having all your money in an LLC/partnership/corporation protect your money in they same way it would if you get sued?

One thing I realize is that no woman can ever be trusted especially if she is with a rich man. If a girl is married to a guy with say 10 million, what's to stop her from saying hey let me dump this guy, take his kids, take half his money, and retire. Money is what attracts girls to very wealthy men and it is what provides them with a powerful incentive to divorce them.

You are a very very smart man - you realize that despite what girls try to make you believe, that marriage is all about love, you realize that marriage is the most important BUSINESS decision you will make in your life.

Interesting how in the board game 'Cash Flow 101' by Robert Kiyosaki, there is a space on the board called 'divorce' and if you land on it, you lose EVERYTHING. That is how devastating divorce is.

To answer your question is, yes you are correct in that a prenup (despite the costly fees paid to a lawyer to draft it) can refused to be upheld in court if a judge deems it is 'unfair.' How ridiculous the system is.

You are on the right track on how to protect your assets - the key is shovel assets to an entity that is NOT in your name. For example, an LLC is one way to go. An even better way is to have your Mom set up some entity and funnel assets thru her so everything is under her name. The logistics of this I am not certain, consult legal counsel.

Remember: your mother is the ONLY girl in the world who is always looking out for your better interests, she is the only girl you can really trust.

 

[GermanTrader]

Quote from guy990opl:

my home was dysfunctional and marriage between mom and dad was a joke at best so that did not help to have a more relaxed view on marriage...however I will also tell you that as I grew up I see day in and day out that marriage is good only for very few people

As if... someone else is responsible for your choices? Nope, doesn't fly.

the guys that can be monogamist and want to have kids or a family have not much going on for themselves and think nothing much of themseves in terms of future accomplishments, they think they will never be successful ...I mean if you see yourself getting to the point of making 500 k a year or more, any reason why you would get married? I do believe that I will get to that point so I will never get married.

Did you get your values from a Cracker Jack box, or did you just form your opinions as you floated through life? That's one hell of a way to live. What security you must have!

See, today we live in a society that is completely against the single male, I mean the system is againt the man if the couple ever get divorced. Price is reality ! After the divorce Phil Collins paid his wife, 46 million cash payout !

Are you trying to tell us there are goldiggers out there? There are also guys who screw women and have a hudred kids out there, but never pay a dime, a care or a minute to father those kids. Both kinds are ireehensible and putrid, and I enjoy kicking the snot out of people like that when the opportunity presents itself. If you can label all men as deadbeats and all women as whores, then why can't I label you a losing trader since most are?

again: when my heart is broken, my wallet is what is going to carry me on. and yes, fat women are for poor men, sad but true.

Dude, I am sincerely sorry for the women who have screwed you over and made your life hell by imposing monthly support onto your paycheck, but your bitterness is too obvious for you to make any other point here. Like I said, have it your way... get snipped, screw every woman on earth, grow old alone and still bitter because you lost the battle against whores. Maybe then you will learn how to love people with your money. It seems you are not willing to risk anything for love, so that is exactly the return you will get.

Warning: The women you screw will nail you for money, one way or another (snipped or not), because you are looking for women to screw and not marry. Bet me. Seen it dozens of times in those around me.

And just so the wackos on the other end of the spectrum don't spill their coffee in a mad rush to reply, I agree that western domesticated women are largely money hungry people with selfish interests at heart. I also agree that avoiding divorce is more than keeping her in love with you. Enough.

 

[Epiphany]

Quote from aeliodon:

A new question came to my mind:

Lets say a man gets divorced and he is paying 5k/month for spousal support (limited due to prenup) and is paying court ordering 10k/month for child support.

Now is the 10k/month in child support required to be spend on the kids? Or can the woman go on a spending spree each month and blow the money on herself?

I don't think I'd have a problem paying however much the court orders on child support but if the bitch is spending that money on herself then that's a travesty.

The only difference between alimony (spousal support) and child support is that child support ends when the child turns 18 years old (and for tax purposes, child support income is tax-free for the girl, while alimony is not)

Your suspicions are correct. The girl is not required to use the child support money on her child. Many men have complained about their ex-wife using the child support on lavish items such as spas, trips, etc.

 

[Epiphany]

Quote from guy990opl: See, today we live in a society that is completely against the single male, I mean the system is againt the man if the couple ever get divorced. Price is reality ! After the divorce Phil Collins paid his wife, 46 million cash payout!

Quote from GermanTrader: Are you trying to tell us there are goldiggers out there? There are also guys who screw women and have a hudred kids out there, but never pay a dime, a care or a minute to father those kids. Both kinds are ireehensible and putrid, and I enjoy kicking the snot out of people like that when the opportunity presents itself. If you can label all men as deadbeats and all women as whores, then why can't I label you a losing trader since most are?

GermanTrader, yes I agree, many men are just as evil and corrupt as girls. However, that's NOT the point. The point is, that the legal system favors the girl so heavily.

I'm not even asking girls to be 'angels', all I'm asking is that girls not be given the ability to completely DESTROY men thru the legal system by raping 1/2 our assets + alimony + child support + having full custody of children in 99% of the cases.

Until the legal system changes, and the risk/reward ratio gets better for me, I refuse to get married (at least not in the US)