It can be much easier to protect your assets in a separate property state because ownership is clear.
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Especially in community property states, this step is extremely helpful for protecting your income, your sanity, and preparing you to live life on your own.
Once a date of separation is established, your spouse can no longer claim half of your income as theirs, or any new assets you acquire with that income. A move to your own apartment, new home, or even back to your parents house makes it clear that you and your spouse are no longer functioning as a couple.
Because you never know what can happen, it’s vital to protect your money and assets from the potential ravages of divorce.
Prepare ahead of time if you think divorce is likely or if you already have plans to leave.
You may be feeling guilty and want to do everything you can in order to make them, and yourself, feel a little better.
If that’s you, keep this in mind: to take good care of your kids, you have to take care of yourself first.
Conduct yourself appropriately during all proceedings. Do not speak angrily and avoid saying and doing things that could be used against you in court.
Don’t threaten your ex-spouse and don’t run up huge bills with joint accounts.
Your spouse can’t drain your individual account the same way he or she could your joint account.