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The Myth of “My” Money Many clients come to our office thinking they are in for a simple division of assets, even though they never got a prenup. “We kept everything separate,” these clients report. “The house is in my name, we kept separate bank accounts—what’s theirs and mine is easy to see.” I have to break the news to these souls that, because there is no prenup that states otherwise, regardless of its title, regardless of who paid what from which account, the appreciation and equity in that house that occurred after they were married are considered part of their marital estate. As such, the house does not wholly belong to either person; its gains belong to both of them, equally. That’s because once someone is hitched, in the eyes of the law there is no such thing as “my money,” at least not outside the wedding-eve value of a premarital asset. (A premarital asset is something a spouse owned individually before the marriage.) From then on—at least, without a prenup that states otherwise—there is only “our money.” After they marry, if one spouse opts to binge-watch Netflix on the couch rather than hold down a job, under the law, half of every paycheck their worker bee other half earns is considered rightfully theirs.
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Aaron Thomas (The Prenup Prescription: Meet the Premarital Contract Designed to Save Your Marriage)