If I saved money during a marriage, would it be split in a divorce?

Question

I am planning on getting a second job to supplement a bank account before I get divorced. This money will be in an account under my name alone and I would be the only one depositing money. It would be used to secure a new home and furnishings. Would the money and/or property I acquire be in danger of being split as marital assets?

Answer 1

in NY the answer is yes.  anything you earn is "community property" and is split down the middle in divorce court.  

Answer 2

Yes. Your partner is assumed to be contributing somehow. If you are still with your partner right now, you are taking advantage of that continued partnership in order to make this money.

Answer 3

Yes, it would. Just like if he was hiding money from you then you should be getting half of that.

Answer 4

It depends on the state.  In a community property state, all assets owned by either couple are split right down the middle.  Best to consult an attorney before you expend all that effort.

Answer 5

It will be split up just like the rest.  Put the money somewhere other than a bank account and tell no one.  That is the only way.

Answer 6

Honestly, I would go and seek a lawyer's advice. I dont' see anything wrong with trying to save some money before a divorce. You are going to need it.  

Answer 7

Yes, anything collected within the marraige is fair game for your partner to get half. I do think it is a great idea to save money while married. The loop hole would be to save cash, or have a close friend or family member you trust save it in a bank account under their name.  Divorce can get real ugly, and if he is mad enough, he will go for everything.

Answer 8

Yes, anything you have would be split.  You'll have to put it somewhere else...not in a financial institution.  

Answer 9

Yes. If you file for a separation though and move before you do that then I believe it would not be money that is split. You might try asking this in the legal category.

Answer 10

Depends on the laws in your state.  In California that money would be considered BOTH of yours unless you could find a way to HIDE IT

Answer 11

Yes!  Any money you make while married could potentially be split.  A couple times when this might not be true:

-You already have filed a Petition for divorce with the court.  Oftentimes as soon as the Petition is filed separate earnings may not count towards the divorce.  This depends on the state you live in (check your state laws or consult an attorney).

-If you are legally separated (you filed separation papers with the court), but still married, the money you earn from the date you are legally separated is kept separate.

  

Answer 12

Depends....are you in a 50 / 50 state?

Answer 13

It completely depends on your state laws.  I would find some site that talk about marriage laws for your state in particular, try to research as much as you can, then, before you start the account and putting money in it, find a lawyer and make sure that what you understand is correct.

Answer 14

i put all my extra money in an account under my childs name, they couldn't touch it then

Answer 15

Yes.

Answer 16

According to the laws of marriage, the monies you saved before the marriage took place would be considered non-marital.  Anything that was added to your savings or accrued as of the day of marriage up too the day of separation is considered marital and will have to be split 50/50.

Answer 17

If it's ever discovered, yes.  Money earned and saved during the marriage is considered to be a marital asset.

Answer 18

yes it would.....unless she agreed not to ask for any in the divorce