Division
Of Marital Property And The Serious Hazards You
Should NEVER Miss Out Of Ignorence!
When
you
fall in love, get engaged to be married; you need to discuss the
division of
marital property before you sign the marriage license or risk losing
your
property rights without knowing it.
Why
do I
want to mix love and real estate property investment in my article?
“The
explanation is elementary my dear Watson; as you have seen already
people need
money, shelter, food and health.” The recent financial crisis
has
shown that
the middle class is going to be under pressure to pay up or disappear.
The
poor
are going to increase as the gap between the haves and the have
not’s will
become a grand canyon in the next 10 to 20 years. Yes the rich have
lost money
but they have cash in their reserves and will be ready to buy property
from the
over-extended credit of the middle class while the middle class will
add ranks
to the financially poor in society.
So
let
me repeat my earlier statement when you are about to take the plunge
you need
to ask your partner if they are ready to join you on this journey to
become
rich or poor. The poor shy away from even mentioning money or real
estate property
investment because they feel it is evil to have more money than
everybody else.
The rich are different; let me put it bluntly, if you have the good
fortune to
be married by a rich man or woman the first thing that must be
discussed is the
division of marital property before and after the wedding.
The
fact
that they ask for such protection from the tax liability and exercise
strict
financial controls will deeply offend almost every poor person with
reckless
abandon.
If
your
thoughts are in-tune with wealth you will realize that networking with
rich
people is the best way to make your own money. You should never rely on
your
spouse to give you everything or you will get a serious wake-up call
out of the
blue even if there is no prenuptial signed.
When
you
marry rich and your partner takes care of you, you are placing your
life at an
unbelievable risk and having a division of marital property agreement
will
protect you from the un-foreseen bankruptcy and forced repossession of
your
home without your input.
Let
me
put it another way, you need to have your own income and your own way
to
generate your income so that you are not lulled by the fact that your
rich
partner did not ask you to sign a prenup out of love. If your
partner’s
business tanks and he skips the country, your prenup will protect you
from
serious liabilities.
You
have
to discuss these things and get your own lawyer to add your protection
to the
30 pages that will allow you to use the connections of the rich to
enrich
yourself despite the success of your partner. Do not get intimidated by
division of marital property laws, just do your research and make it
work for
you.
Being
rich is more an art of negotiation and making connections than working
hard for
money. It takes a different mental process and lack of that mentality
is the
main reason why lotto winners lose their vast fortunes in less than 5
years.
It’s because they think like poor people and do not expect
the
money to last
them forever and they spend it all quickly as possible.
