Quote:
Originally Posted by dinosaur
I don't the details of everything, but all I know is that the debt you bring into a marriage is your own. Not sure why or what rationale there is...
I think people who sign prenuptial agreements have substantial assets that they would like to protect and to prevent having a judge dictate what lifestyle one has to help maintain for the other.
For example:Husband owns a business. After marriage, husband 'hires' wife and pays her an income. They divorce and she is essentially 'fired'. Because he was the source of income during the marriage, he may have to maintain it. Other things like alimony and balloon payments for length of marriage are also included.
Debt is a little different.
For example: my student loan debt is mine. when i marry my husband it stays mine and when we divorce, it is still mine.
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What about say if both party gets a loan out together? will it be spilt 50/50? Of say the hunsband pays most of the loans off and now they spilt can the husband be like well I pay most of it off now is up to my wife to pay it.