R.U.G.
Master Don Juan
- Joined
- Feb 15, 2018
- Messages
- 1,805
- Reaction score
- 1,220
1) Place all assets in a irrevocable trust prior to having offspring or marriage. (Trust should be in New York, Delaware or Nevada. Delaware is the best, but the most expensive to maintain). No law requires you to disclose this to your "partner" or spouse. However, if you co-mingle, you invalidate those funds and they become marital property. A Judge has no legal authority to break the vail of the trust for the benefit of your "partner", spouse or off spring. There usually is a waiting period of 1 - 3 years before the vail is solidified. Delaware is good because they are pro asset protection. New York is pretty good too if you can last 3 years. As long there is no fraudulent covalence or co-mingling of assets, you are golden. Please note, you need to pay the trust assets' expenses through the trust. You cannot use marital assets to pay for trust expenses or the vail is compromised. However, again, IANAL, and you need to check with a elder law attorney. I can only state what I've done and has worked through my divorce.How do we address this issue?
2) Co-habitation agreement prior to moving in with each other.
3) Transferring title of your house to an irrevocable trust prior to moving in, marriage and offspring production
4) No co-signing of any loans for your "partner" or spouse. NONE.
5) Earn LESS than what your "partner" or spouse earns. Easier when you are self employed.
6) Separate bank accounts. Always. Therefore, your "partner" or spouse cannot clean you out.