Buy A House As A Premarital Asset To Protect Myself In Case Of Divorce?

Explore More Shows from Ramsey Network:

Ramsey Solutions Privacy Policy

[mknmarc]

The person you marry is not the person you divorce.

[Elizabeth_lowkeyluxuries]

I'm a woman, divorced many years ago, and worked in law for 20+ years as a legal assistant, primarily in family law. I've experienced and seen exactly what he fears being played out, both with men and women. What he's asking is not dumb or terrible! Does she have debt? Does she have student loans? Does she work? Does she owe taxes, child support, alimony etc? Will he be the sole breadwinner? He needs to talk to a good family law attorney. It's ignorant nowadays to just blindly move forward and mingle assets without asking the questions. He needs peace of mind because he's seen the nightmare play out numerous times. That's wisdom!! If he dies she gets the house if he wants, how is she going to feel terrible about that? Maybe I'm insensitive, but I've also seen a lot of hard working people get wiped out later on in life when they weren't as able to recoup what they lost. And then where are you at.

[anthonykence]

I can understand his fears because so many marriages end up in Divorce. You take a risk getting married.

[FreeAgent]

He's actually thinking in a smart way. Have the Ramsey club not researched the statistics for divorce rates in America??? These people are out of touch with reality sometimes.

[shynepo]

Always plan for the worst... I have seen women leave men with not one red cent

[listerinr]

There's nothing wrong with preparing for the worst while hoping for the best.

[melissapereira]

"Most marriages end in divorce because of money" - Dave Ramsey.
"I want to protect myself & assets in case of divorce". - response laughter & confusion & doubt.
Just wow, I think he's (or anyone else is SMART for wanting a back up plan).

[jalenpadilla]

Don’t tell people to have an emergency fund, and then tell them to cover their eyes and pretend that all marriages work out forever.

Very disappointing here this time guys

[AMitz-kpuz]

The issue here is that you have people that have never been through a divorce and experienced how devastating it can be trying to shame people out of protecting themselves from the very real chance of divorce. Just cause Dave has been married for 50 years doesn’t mean everyone else will. Stick to financial advice.

[__charles]

How is wanting to protect your entire life savings shady? These guys answered this question more like clergymen than financial advisors.

[shannonrainey]

So it's okay to prepare for an emergency with an emergency fund, but it's not prudent to prepare for a divorce?? 🤷‍♂

[valerieosborne]

Me and my husband came from a broken family. We sat down and had a hard conversation. It helps us to understand our fears. We did make a covenant to not repeat history from what we learned from our parents.

[georgelyden]

Guys: I did had a separate nest egg no one knew about. When I got divorced I was so relieved to have my golden nest egg. I just simply walked away. Best advice I was ever given.

[genxx]

He needs to consult a family law attorney.

[blueboat]

Don't get married. You're both not ready yet.

[angelmoreno]

That’s what ima tell my bank next time I buy a house and they bring up PMI. “Why plan for the worst? It’s not the right way to start this relationship.”

[NaijaAmericana]

Having previously been through a divorce I completely agree with the caller. Get your house BEFORE marriage and make sure to get a prenup. It would be dumb to move somewhere where there's a possibility of rain and not own an umbrella. Better to have it and not need it than need it and not have it.

[misscongeniality]

I'm a woman and fully supports him. I would never just completely share everything I have with someone else knowing the divorce rates are what they are. Also, this is quite cultural. In my culture, unless you explicitly specify that you want to share your assers when you're getting married, the default system is seperated assets. It saves a lot of time and energy during divorce proceedings too. That being said, if one of the spouses gives up their career at the request of the other or with their full consent, then I see no other solution but sharing assets

[steviejd]

I once asked an older friend of mine if he would ever get married again; he answered “no, I can’t afford to give away any more houses” Ouch! Truth, right there.

[todd]

Buying life insurance is also buying something with a with a worst case scenario in mind. As is having an emergency fund.