How to Protect the Assets you have Before Getting Married if Somehow Things Don't Work Out.
All that is yours before marriage stays yours after you are married; the value of all big ticket and personal items. Once married whatever your acquire, is marital and subject to distribution if divorced. Only Inheritance and Gifts are Excluded. This Guide is how to protect what you had.
What to do before getting marriedMake a list of all your large assets and their value on or close to the day you are married. The home, car, boat, stock portfolio, retirement account, land, stock options, etc. Cash, company, corporation, stocks. Obtain some type of appraisal on your home and your business. Trust me, it will come in handy later because their will be a fight over the value on that date. And if you pull out this folder, you will be ahead of 98% of people who divorce.
What to do after you are marriedKeep what was in your name in YOUR name. Keep any inheritance in a separate account and not in a joint account. When you receive that million dollar inheritance, if you keep it in a separate discrete account and add nothing to it, it will not be distributed when you divorce. However, if you use it to buy that second home and make it joint, or you pay off the mortgage, it is gone and your spouse just received half of it. What ever you co-mingle or make joint no matter you had it 20 years before getting married, it will be joint and split up.
What to do the day you separate.The date of separation is a moving target. It is "when the marriage ends." that an be different from the day you file, the day you move out, the day you quit having intimate sexual relationships. That date is very important. It can mean millions. the day you move out, get a snapshot of what the values of everything are. Just something. Anything. The day you file, get an estimate on everything. The day you had sex last, get an estimate on that date.
This may seem cold and calculating. It is. But this is about money and lots of it.