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Old 09-09-2002, 04:27 PM
confusedinwa
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URGENT: need advice on property distribution


What is the name of your state? WA

Seeking advice on what I can do to protect myself from a possible divorce and potential splitting of finances. Here's the situation...My wife and I have been struggling for about a year in our marriage (we've been married for 6+ yrs and have a 3 yr old child). While we continue to seek marriage counseling and do other things to save the marriage, the fear of losing everything consumes me. My wife never worked, I paid for her college, I supported and continue to support her fully in all aspects (living, education, entertainment), and obviously our child. I also paid off her past debts and loans and bought her a car that I pay for. I am buying a new home for the family and mostly for my son (I'm the sole loan borrower). However, in the event that [if] we divorce in the future, I do not want her to have the house. Is there anything I can do now to protect myself or rather this biggest investment of my life? I'm closing on a house in about a month. Please help!
(we don't have prenaptual agreement or anything)

Thank you!
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Old 09-09-2002, 04:54 PM
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Join Date: May 2000
Location: Catatonic State
Posts: 71,453

Re: URGENT: need advice on property distribution


[quote]Originally posted by confusedinwa
[b]What is the name of your state? WA

Seeking advice on what I can do to protect myself from a possible divorce and potential splitting of finances. Here's the situation...My wife and I have been struggling for about a year in our marriage (we've been married for 6+ yrs and have a 3 yr old child). While we continue to seek marriage counseling and do other things to save the marriage, the fear of losing everything consumes me. My wife never worked, I paid for her college, I supported and continue to support her fully in all aspects (living, education, entertainment), and obviously our child. I also paid off her past debts and loans and bought her a car that I pay for. I am buying a new home for the family and mostly for my son (I'm the sole loan borrower). However, in the event that [if] we divorce in the future, I do not want her to have the house. Is there anything I can do now to protect myself or rather this biggest investment of my life? I'm closing on a house in about a month. Please help!
(we don't have prenaptual agreement or anything)

Thank you!

**A: contact an estate or trust attorney. There are several options available to you one of which would be to set up a trust naming your child as beneficiary, and having the trust purchase the property or place the property in the trust at closing. This is an over simplification and there are of course many legal issues to contend with.

By the way, a prenaptual agreement pursuant to state statutes can only apply to children in preschool.
Said agreement may include but not be limited to a light heathly snack and videos of Barney, Big Bird or Mr. Rogers prior to napping. In addition, the Court of Appeals, have upheld the lower courts decision that the potty break clause in the agreement is enforceable. It is commonly known as Federal Law #1 or #2.

Last edited by HomeGuru; 09-09-2002 at 05:04 PM.
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