My spouse is having a mid life crisis. Over the course of our marriage (+10 years) my spouse hasn’t really paid for anything that you can physically put your hands on as far as property. I’ve been fine with this actually because my primary goal has always been to give my kids the best life as possible. Now that the spouse is on this little mentail trip I see potential for us not being together in the next few years. Right now we still are but it is possible that we may not be in a few years. Obviously, I am now starting to think about all the things that I have worked my rear end off for being handed to to the spouse that really didn’t put anything into those things. I know in the statutes how much a spouse financially contributed to property is something that is considered when ED occurs. Anything of any vaule was purchased soley by me and it has always been that way becuase the spouse just doesn’t care to ccontribute.
Now my questions:
1.) We each have cars. I paid for them entirely. I hate to ask such a direct question but what’s to stop me from just giving mine or both vehicles to my parents to where they are out of my name? They are both in my name soley and again we are still married. Can I do this?
2.) How about bank accounts? My spouse does very poorly with money management and I learned that very early on and I wisely have kept separate accounts. My spouse has an account…with nothing in it most of the time…and I have several thousand dollars in mine. I just pay for everything and consider it the cost of making sure my kids have a good life. Can I just cash my account out right before we separate?
3.) The spouse has racked up >$15k in credit card debit despite an agreement many years ago that we never have credit cards after I paid them all off. This credit card was hidden from me until recently. With just the spouse’s name on the credit card and the fact that it was hidden from me despite our agreement, will I be liable for any of this?
What realistically happens in the court room. I know there are laws but what realllly happens in the court room?
I can’t possibly be the first person to ask these questions but I have not seen anyone directly ask them yet so I figured I will. It is a crying shame that it may come to this but sometimes you have no control over things.
Thank you so much for this forum.