Marriage downside protection

[Philip Morris IV]

So, are there legal tools aside from a pre-nup that can be effective at protecting pre-marital assets in the event of divorce?

 

Do posters have insights into perhaps:  Trusts?  Irrevocable/DAPT/other?  Corps?  _____?

 

Or do we just accept that we either bear the full risk or none at all.

[JBird]

If you are a man then don't get married.  I'm sure you've heard them before, but if you want I can tell you some horror stories to illustrate why.  Losing half your assets isn't even the half of it.

 

I do want to hear some horror stories. Post here or PM

[yadayada]

The problem is, a woman's sexual attractiveness goes down rapidly as she ages. It starts at age 30, and at age 50, even the previously hottest women cannot beat an average 21 year old.

 

But for us it is the opposite, because unlike us, women actual get attracted by other things then looks. So our value goes up. You can be in your 40's and have all the options in the world. That is rarely the case for women. So it is really the woman who should lock up the man, and not the other way around. Men age like wine, women like cars.

 

So naturally if you are a woman, you dont want to spend your best years with one guy, and then have to look for a mate with possibly little skills and faded looks when you are like 48. That is a really shitty situation to be in. So that is why some of those women can get so angry in a divorce, because she feels like she wasted her best years with you, so they want something to show for it. All those guys with all the options in the world (which most women are after) will pick a younger girl over her now. 

 

Because let's be honest, no matter how amazing their personality is, it does not really make a woman much hotter if she is fat and ugly or old. The oposite is true for men, since women are much less superficial that way. If you mary a bad looking older but nice woman, it is basicly a live in buddy. Those commercials for viagra? Mostly for men with ugly wives, not really because there is an impotence epidemic.

 

That is why I think things can sometimes get so ugly in a divorce with women really going after their ex husband's assets viciously. They feel they wasted their best years with him, even if he did not cheat on them, which is sort of understandable really.

[beerbaron]

On prenups: It's a no brainer to get one. No matter how the assets are separated. I find it incredible that people sign the most important contract of their lives without setting the rules (in Quebec, if you don't set the rules, the government gives you a standard set of rules that sucks big time).

 

Furthermore, when I got married I insisted that me and my fiancée go see a notary so that he can explain what are the laws/ rights and responsibilities associated with a marriage. Best 500$ I ever spent, after the meeting, my girlfriend knew what she was getting into and she totally agreed that setting the terms of separation while in good terms was a lot easier than the other way around. I'm sure that if I ever divorce that 500$ will pay at least 20 times because of all the problems avoided (conflicts, lawyers, stress, etc...). This what I call a good bet 20 to 1 payout with the odds at 50%.

 

On a similar note, the day of your marriage you might consider setting up new trading accounts. Usually the old money and all it's capital gains thereafter are non-divisible (at least in Quebec). So separating the before and after makes the calculation much easier to do if divorce ever happens.

 

BeerBaron

 

BeerBaron

 

[PatientCheetah]

The problem is, a woman's sexual attractiveness goes down rapidly as she ages. It starts at age 30, and at age 50, even the previously hottest women cannot beat an average 21 year old.

 

But for us it is the opposite, because unlike us, women actual get attracted by other things then looks. So our value goes up. You can be in your 40's and have all the options in the world. That is rarely the case for women. So it is really the woman who should lock up the man, and not the other way around. Men age like wine, women like cars.

 

So naturally if you are a woman, you dont want to spend your best years with one guy, and then have to look for a mate with possibly little skills and faded looks when you are like 48. That is a really shitty situation to be in. So that is why some of those women can get so angry in a divorce, because she feels like she wasted her best years with you, so they want something to show for it. All those guys with all the options in the world (which most women are after) will pick a younger girl over her now. 

 

Because let's be honest, no matter how amazing their personality is, it does not really make a woman much hotter if she is fat and ugly or old. The oposite is true for men, since women are much less superficial that way. If you mary a bad looking older but nice woman, it is basicly a live in buddy. Those commercials for viagra? Mostly for men with ugly wives, not really because there is an impotence epidemic.

 

That is why I think things can sometimes get so ugly in a divorce with women really going after their ex husband's assets viciously. They feel they wasted their best years with him, even if he did not cheat on them, which is sort of understandable really.

 

reminds me of this from few years ago

 

A reply from CEO of J.P. Morgan to a pretty girl seeking a rich husband

 

A young and pretty lady posted this on a popular forum:

 

Title: What should I do to marry a rich guy?

 

I'm going to be honest of what I'm going to say here.

 

I'm 25 this year. I'm very pretty, have style and good taste. I wish to marry a guy with $500k annual salary or above.

 

You might say that I'm greedy, but an annual salary of $1M is considered only as middle class in New York.

 

My requirement is not high. Is there anyone in this forum who has an income of $500k annual salary? Are you all married?

 

I wanted to ask: what should I do to marry rich persons like you?

 

Among those I've dated, the richest is $250k annual income, and it seems that this is my upper limit.

 

If someone is going to move into high cost residential area on the west of New York City Garden(?), $250k annual income is not enough.

 

I'm here humbly to ask a few questions:

1) Where do most rich bachelors hang out? (Please list down the names and addresses of bars, restaurant, gym)

2) Which age group should I target?

3) Why most wives of the riches are only average-looking? I've met a few girls who don't have looks and are not interesting, but they are able to marry rich guys.

 

4) How do you decide who can be your wife, and who can only be your girlfriend? (my target now is to get married)

 

Ms. Pretty

 

A philosophical reply from CEO of J.P. Morgan:

 

Dear Ms. Pretty,

I have read your post with great interest. Guess there are lots of girls out there who have similar questions like yours. Please allow me to analyse your situation as a professional investor.

 

My annual income is more than $500k, which meets your requirement, so I hope everyone believes that I'm not wasting time here.

 

From the standpoint of a business person, it is a bad decision to marry you. The answer is very simple, so let me explain.

 

Put the details aside, what you're trying to do is an exchange of "beauty" and "money" : Person A provides beauty, and Person B pays for it, fair and square.

 

However, there's a deadly problem here, your beauty will fade, but my money will not be gone without any good reason. The fact is, my income might increase from year to year, but you can't be prettier year after year.

 

Hence from the viewpoint of economics, I am an appreciation asset, and you are a depreciation asset. It's not just normal depreciation, but exponential depreciation. If that is your only asset, your value will be much worse 10 years later.

 

By the terms we use in Wall Street, every trading has a position, dating with you is also a "trading position".

If the trade value dropped we will sell it and it is not a good idea to keep it for long term - same goes with the marriage that you wanted. It might be cruel to say this, but in order to make a wiser decision any assets with great depreciation value will be sold or "leased".

 

Anyone with over $500k annual income is not a fool; we would only date you, but will not marry you. I would advice that you forget looking for any clues to marry a rich guy. And by the way, you could make yourself to become a rich person with $500k annual income.This has better chance than finding a rich fool.

 

Hope this reply helps.

 

signed,

J.P. Morgan CEO

[randomep]

If you are a man then don't get married.  I'm sure you've heard them before, but if you want I can tell you some horror stories to illustrate why.  Losing half your assets isn't even the half of it.

 

I do want to hear some horror stories. Post here or PM

 

Make that 2.

[cubsfan]

Oh boy, after reading this thread, I'm really glad there are no females on this board.

 

Sanjeev would probably have to shut it down.

[Ham Hockers]

If you're of the opinion that marriage is terrible, stupid, risky, and that all women are money-hungry depreciating assets that aren't worth the trouble, then frankly, the problem is YOU.

 

Marry Christmas ya'll

[merkhet]

Oh boy, after reading this thread, I'm really glad there are no females on this board.

 

Sanjeev would probably have to shut it down.

 

Actually, there is at least one self-identified female poster on this board. I don't know if she's found this thread yet.

[AzCactus]

This thread is pretty insulting to women (which I am not).  This is like saying I am afraid of the market falling after I buy a stock?  Then don't buy!  If you think your marriage will fall apart then don't get married.  Have a relationship that works for both of you and that'll be that. 

 

[SharperDingaan]

Just to stir the pot!

 

The best consigliere in the world are female - so that should tell you something right there.

 

Those leased assets are usually advised by these consigliere, private partnerships are fairly common, & along the way there is a lot of asset, & inside information accumulation. What do they need you for, especially when Ken & Barbie are widely available cheap throwaways. 

 

If you are not prepared for a life-time partnership you probably should not go there. The female side of the equation has too many friends!!

 

Merry Christmas!

 

SD

 

[LC]

SD always gives great advice! Merry Xmas!

[rmitz]

If you're of the opinion that marriage is terrible, stupid, risky, and that all women are money-hungry depreciating assets that aren't worth the trouble, then frankly, the problem is YOU.

 

Marry Christmas ya'll

 

+1

[stahleyp]

I'm actually somewhat in this position now. I'm not married but am really thinking about it.

 

I've said I would get a prenup for so long...now I'm thinking about throwing it to the wayside - even though my assets are much, much higher than hers.

 

She's incredibly sweet, intelligent and kind. Literally, if I had to describe "my" perfect woman, she exceeds those expectations.

 

BG, is your story from personal experience?