View Single Post
  #8 (permalink)  
Old 04-07-2016, 04:07 PM
stripes stripes is offline
Senior Member
Join Date: Feb 2013
Posts: 2,838
stripes is on a distinguished road

There are many people on this forum who hold negative views about one gender, because they had a bad experience with a person of that gender. Don't let this influence you. It is simply not true that women automatically get everything and lead a life of leisure on spousal support after divorce, so don't let that deter you from seeking a divorce, if you've done everything you could to save your marriage. Many people divide assets reasonably fairly, figure out how to co-parent the kids, and get on with their lives.

To answer your questions:

1. If the money for the vehicle is a gift just to you, it can be exempted from the division of assets. Be sure you keep the money separate from your joint accounts - open a new account just to receive the money if you have to. If your parents give you a car and not just money, ideally you should try to keep it somewhere off your property and not allow your spouse to use it. Best of all would be if your parents waited until you were separated before giving you the money, as then it's clearly not a joint asset.

2. Your individual accounts are part of shared property.

3. Depends on
-when the person borrowed the money,
-what that person did with it, and
-who knew about it.

If you're talking about a student loan one party had when you got married, which both parties knew about, it would clearly be shared debt. If one party goes out tomorrow and borrows $10 000 without telling the other party, and spends it on something for him/herself alone - like taking a solo vacation in France or buying a fancy motorcycle - the loan would probably be considered the responsibility of the party who borrowed it.
Reply With Quote