Need advise on resolving money issues and building trust

Strictly speaking it is your husband's prerogative to keep the property on your name or not as that was his earning. It doesn't look nice to say "his money" but that is what it becomes if you both have not reached an understanding level as to sharing each others' money. I see that you need to develop trust in each other which I find is still lacking. There is nothing wrong in having separate accounts but you should have enough trust to nominate the others' name in any property that you buy.

Here is how it works with me and my wife, we have separate accounts and freely take money from each other if need arises. We buy properties separately with our monies and it goes without saying that we nominate each others' name (not joint ownership), primary owner remains with myself or herself (whoever buys). But again all this needs trust.

 

Normally poeple get married, plan for kids and their future with the family. What's with planning "in case of divorce"?
Divorce has become an easy word to utter these days.
God help this world.

 

Yes that is sad. And I saw it happening in case of people I know. Especially in US where people are scared to even think of marriage without prenuptial agreements. Indian laws are better in this respect where a spouse cannot take undue advantage of earning spouse post divorce.

 

Is there anything 'i am missing here? You are married for 6 years and now are you thinking of divorce or your husband thinks what if something happen in the future??

 

First of all this whole logic sucks. Your MIL is just plain mean.

Secondly, its not the name of whom the property is in thats evaluated in a divorce court but whose earning it was. I spoke to a divorce lawyer when my marriage was on the rocks. He said everything the couple accumulate after marriage will be shared equally. So you can show that the property was bought and paid for by your hubby and get your share. Even after divorce your hubby will have to pay alimony (if you dont earn or earn very less) and mandatory child support.Who are they kidding and trying to fool, I am not sure. Very brainy mom and son. :bonk

Please first talk to your husband about this whole my money your money crap and sort it out. Strictly make it a rule that any investment should be discussed with you and any property should be bought in your name and DH name only. No outsiders.

 

Arch, maybe people are trained to plan everything and have a risk mitigation plan in place. In today's world, divorce is yet another risk that is always there which gets escalated with the severity and finally a mitigation plan comes into place.

Even PMI cannot teach a plan for divorce, coping up during and post divorce.

People with normal healthy family's must thank their stars and count their blessings.

 

Sorry. Thankfully, that's not how the great State of California (where OP says she resides) views it, IMO. If the money is made after/during the marriage they both own it equally no matter whose account it resides in (unless there is a prenup). The flight of capital in the said case is not right considering the joint interest.

Disclaimer: I am not a lawyer. This is a personal opinion and could be inaccurate.

 

Canwait, I agree with you completely. In that case, why can't such people go for live-in relationships and spare the other spouse the pain of divorce. But I still hate the word divorce in marriage. It changes a life to an extent where it cannot be recovered. And only one spouse feels the pain. To me looks like OP's husband is threatening her to get his ways done. I hated that because I had to take that threats right from the first year until I have had enough of it.