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mod (Andy) note: "Blast from the past - Best of Eddie" - This one is originally from January 2011. If there's an old post from Eddie you'd like to see up again shoot me a message.

With Valentine's Day two short weeks away, some of your girlfriends are no doubt ratcheting up the pressure on you to pop the question on the most romantic day of the year. Maybe you already live together. Maybe you've been going out for a few years. Maybe you met her in a Chelsea dive bar on Tuesday. It's no matter. They all want the same thing.

Allow me to introduce Charles Brandes. Sure, he's a big shot today pulling in an estimated $16 million a month, but he wasn't always. He was once just a young monkey like all of you. And therein lies his cautionary tale. For it was at that point in his career that he met Linda King Formo, a single mother earning $6 an hour as a librarian.

Brandes started his own firm in 1974 and was content to grow his AUM over the subsequent decade. He met Formo in 1983 and, after a three-year courtship, they were married in 1986. Even though he wasn't a BSD yet (he made about $180,000 in 1986), he obviously went into the marriage with some reservations, evidenced by the pre-nuptial agreement he presented to her which she refused to sign.

Let me say that again for the cheap seats, because it's important that you get it. He presented her with a pre-nuptial agreement and she refused to sign it. She allegedly told him at some point before the wedding that, "I will have no claim or interest in your business", but she denies ever saying it and it's impossible to prove and not legally binding anyway.

Fast forward 18 years to 2004. The marriage is over, and they're in divorce court. Charles is now a very big deal, and the lifestyle he has lavished on Linda could be described as over the top by any sane measure. By California statutes, he can only be forced to pay her $36,400 per month in spousal support but, either out of genuine concern for his soon-to-be ex-wife or his desire to head her off at the legal entanglement pass, Charles gives her a home in Rancho Santa Fe, a beach house in Del Mar, a Central Park penthouse and two other Manhattan condos, and two condos in Salt Lake City. To alleviate any liquidity concerns she might have, he throws in $18.7 million in cash.

Guess what?

It's not enough.

The interest alone on the money he gave her generates $155,000 a month. He throws another $350,000 a month into the pot, bringing her monthly income to a staggering $500,000. But she's just scraping by, and has now set her sights on the $140 million he has in various S-Corporations. The reason she can't make ends meet?

  • $30,000 a month at the casinos
  • $340,000 Mercedes Maybach
  • Upkeep on her various mansions
  • The 210 pairs of shoes in her closet
  • Half a million a month doesn't go as far as it used to, yo

Just so you don't think she's not deserving, she'll tell you she was instrumental in his success. How? She convinced him to dress better, get a nose job, and she busted his balls to work harder 'cause mama needs new shoes.

Guys, I hope you see where I'm going with this. You might be worthless today, but chances are you won't always be. You pay for car insurance, health insurance, life insurance (if you don't, you should). Why would you leave such an obvious financial vulnerability unprotected?

The best advice I can give is don't get married. Ever. There's just no percentage in it for a young guy with significant earning potential. Especially if there's a major income disparity between you and your significant other (hedge fund manager vs. $6 an hour librarian).

But I've been married three times myself. Just so I don't sound like a hypocrite, if you must get married - by all means protect yourself. A pre-nup doesn't mean you love little Susie Rottencrotch any less. And she won't hesitate to sign it, if her intentions are pure. If she does hesitate, that should tell you something.

Have a great weekend, guys, and don't fall into the Valentine's Day trap.

Comments (146)

  • trazer985's picture

    I'm intrigued in this part, being a bystander (not getting married while these kind of stories go around, not because I'm scared but you can bag some serious hotties).

    Does anyone know how does a court force you to declare all your financial assets and income? They can go by tax returns, but not if you're registered to a Cayman Island company or to a government that doesnt recognise the court's jurisdiction (hi china).

    T

  • MPG's picture

    Sad story. I just got married so I can't comment like I know anything, but I can't picture my life without her. If I lost her, it would be worse than losing all of my money (which I have none right now anyway--plus she is working and supporting me while I go to Business school. When she waited a year for me while I was in Iraq I think that showed her character as well. If I am successful one day it will be because she was my supporting co-pilot in life, and for that reason if we ever split, I think 50% is fair.

  • LetsGoSailing's picture

    Eddie, I appreciate you writing that directly to me...but not to worry...if I got married, I couldn't come run with the bulls with you and the boys this summer!! The bulls are much safer in the short and long-run...Viva Encierro!

    A good friend will come and bail you out of jail...but a true friend will be sitting next to you saying, "Damn...that was fun!"

  • Jerrey's picture

    I would't go for that risk. I just reassured myself ex-wife has an accident and relax. Surely cheaper than other options. And accidents just happen.

    "Make 'Nanas, not war! "

  • econ's picture

    Nice post Eddie. Man, stories like that really scare the crap out of me. It actually wouldn't suck that much to be in his position, since he'll still be ridiculously wealthy even if he pays that much. Don't get me wrong, it definitely still sucks and on principle alone it really bothers me. All I'm saying, is that it scares me less to think I could be in his shoes, and more to think I could be pulling in $100K and have to give $30K-$40K to some chick.

    I could be totally off-base here, but I think there are two things which don't help avoid this situation: First, a lot of guys don't care how accomplished, ambitious, and successful a woman is. I think that's a mistake. If you choose to marry someone with the same level of drive and determination you have, I think it'd be easier to stick it out for the long-haul. Don't marry the waitress who would love to retire young on your money, and go shopping and eating out with her friends daily. Instead, marry the doctor or lawyer, or some chick who'd rather use your money to start and run a business or a non-profit. Second, I think a lot of guys get blinded by how cute a girl is, and forget to size her up with regards to a lot of other qualities. I'm not saying looks aren't important. It's just that when you're so focused on looks, you're more likely to find girls who are one-dimensional. Not to mention, when you're being that shallow, you're probably more likely to find girls that are shallow; basically you strike a trade: looks for money. If you're willing to pass up a 10 for a sweet and loyal 7, then I think you have a better chance of making it work. Anyway, just my 2 cents.

  • IlliniProgrammer's picture

    Quote:
    Don't kid yourself. The courts don't have anything to do with it. If you're worth anything over $500,000 liquid, the first thing your wife's divorce attorney is going to do is hire a forensic accountant to find all your ratholes.

    See, my plan is to stick some of my pre-marriage assets into a spendthrift trust. Spendthrift trusts aren't considered an asset by the courts, and if you continue managing how the money is invested, it's a nice big nest egg that Mrs. Divorcee doesn't get to touch.

    Not perfect, but no prenup conversation necessary. Besides, my religion is against talk about divorce before marriage.

  • anaismalcolm's picture

    I think the lesson here is moreso don't be an idiot than be scared of marrying a woman. Now, I've been proposed to awhile ago so I'm probably biased, but I also said when we were just friends rather than even dating that I wanted a pre-nup (for my sake at least, since I plan on being wildly successful like most young monkeys), so perhaps that influenced him positively. The goal is for either sex to find a partner who is not going to use them for their looks/money/connections, because there's pretty little hope of that ever lasting.

    If you're an Ivy League IB'er who has just become an MD, and you get a chick from Conn U. who loves the "experience" of shopping with you, going out to clubs and showing off to other men while buying expensive bottles of bubbly, and has no plans for future income, don't marry her. It just seems like so many of these stories involve really horrible character judgments on the men's part. Though my mother or Britney Spears with Kevin Federline are examples when women make just as terrible judgment calls.

    tl;dr Don't be a dumbass and marry someone who doesn't want to build something -with- you.

  • IlliniProgrammer's picture

    Quote:
    If you're an Ivy League IB'er who has just become an MD, and you get a chick from Conn U. who loves the "experience" of shopping with you, going out to clubs and showing off to other men while buying expensive bottles of bubbly, and has no plans for future income, don't marry her. It just seems like so many of these stories involve really horrible character judgments on the men's part. Though my mother or Britney Spears with Kevin Federline are examples when women make just as terrible judgment calls.

    I think the bottom line is that if you get married, in a healthy marriage, your career is less important than your family.

    Wait until after the crush is over, and decide: would I be willing to give up my career to marry this woman? If the answer is still yes, then marriage is probably a healthy choice. Just bear in mind that it's hard to have a healthy family if you're working more than about 60 hours/week.

    You can make some plans before you meet the person to protect yourself- like setting up a trust with some assets in it. (Also helps protect you from creditors and lawsuits.) But when you get married- you need to be making the decision that you want to spend the rest of your life with that person, and that you're willing to trade in your career to do that, if that's what it takes.

  • Frabjous's picture

    Sorry Eddie,

    But I like to think that if I ever find someone to marry, she will be as smart and kick ass as I am - even if this means that we don't have as much time to be together as I would have if I married a "at your disposal" wife.

    Just fooling myself? Maybe. I am cynical, but I don't like extremes. Such as "never marry".

  • In reply to PIE
    econ's picture

    tyrets wrote:
    Why would you not just have this person taken out?

    Paul.Allen wrote:
    ^ Ive had that done and it's much harder/more expensive than you think.

    Uhhh, are we talking about what I think we're talking about?!

    That would be the most retarded thing you could do. Seriously, if you make $16M/month, why on earth would you "take someone out" to save yourself a few million a month? The chances of getting caught are high, and even if they weren't, why would you want to play around with the small chance of having to give up your sick lifestyle (and more importantly, your freedom). I'm going to assume tyrets (and of course Paul.Allen) was joking, in which case, haha.

  • In reply to econ
    tyrets's picture

    econ wrote:
    tyrets wrote:
    Why would you not just have this person taken out?

    Paul.Allen wrote:
    ^ Ive had that done and it's much harder/more expensive than you think.

    Uhhh, are we talking about what I think we're talking about?!

    That would be the most retarded thing you could do. Seriously, if you make $16M/month, why on earth would you "take someone out" to save yourself a few million a month? The chances of getting caught are high, and even if they weren't, why would you want to play around with the small chance of having to give up your sick lifestyle (and more importantly, your freedom). I'm going to assume tyrets (and of course Paul.Allen) was joking, in which case, haha.

    It was a rhetorical question, but don't get me wrong it would definitely cross my mind if I was that guy! And, of course, I didn't actually mean *he* do it!

    Yes, econ, it was a joke, more or less. Oh, and guys in the old neighborhood on Mulberry used to do it for $10k. Thats not that expensive.....hahaha.

  • SAC's picture

    Most of the senior level guys that I directly worked for didn't marry some bimbo, they married respectable, educated women and still ended up divorced. Shit changes, people fall out of love. Best to position yourself so that you can detach yourself from her financially if stuff starts to go south, but you can't do that with a marriage contract in place.

  • In reply to Edmundo Braverman
    IlliniProgrammer's picture

    Edmundo Braverman wrote:
    Don't kid yourself. The courts don't have anything to do with it. If you're worth anything over $500,000 liquid, the first thing your wife's divorce attorney is going to do is hire a forensic accountant to find all your ratholes.

    In child custody cases in the Middle East, the husband normally gets the kids- even if he is a US citizen and there is a U.S. COURT ORDER for him to hand them over. Heck, if the wife has custody, visits Jordan with her son, and Daddy shows up, she can lose custody, too.

    If you move yourself and your assets to the UAE or Saudi Arabia, find a good lawyer, and get a divorce, can't you just give the Missus whatever is proscribed by law- like 15 goats, 30 shekels of silver, and some silverware- and tell the US legal system to try and stop you?

  • In The Flesh's picture

    Man, I must really be behind the times on this one. I still believe relationships should be based on mutual respect and understanding instead of trying to turn the other person into a copy of yourself (can run both ways). But then again, who am I to judge? I must be an ultraconservative misogynist.

    Metal. Music. Life. www.headofmetal.com

  • AVPGuerilla's picture

    Eddie, I have to say, most of your posts are spot on - but I'm really disappointed to see you advise these young monkeys not to get married for simple concern of money. There is a lot, lot more to life than making a sht ton of money and hoarding it away. I myself am happily married, under 30 ys old, own a house in westchester and have a 1yr old kid at home. I'd give my career up in a second for my family - if keeping my family meant cleaning toilets at yankees stadium, I'd do it without question.

    Did I ask my wife to sign a pre-nup? No.
    Do I hope my marriage works out? Of course.
    Will it suck if it ends 20 years down the line, and I lose 50% of my life's work? Absolutely.
    But you pick up the pieces and move on.

    We're all risk takers. Marriage is a calculated risk. Find the right girl, and make her yours.

    I'd offer this advice to all young monkeys out there - if you find a girl you genuinely love, if she loves you, if neither of you are the cheatin' type - and if you've lived together for a few years without problems - marry her. Just know she'll go downhill after 35. It happens.

    Guys, there is so, so much more to life than making 7 figures or being a BSD. You can make millions upon millions, at the end of the day the only thing you leave behind on this earth are your children - that's the impact you'll have on the world. Deals fade into history, nobody will remember them in 50 years - but your kids - keeping your family name alive - that's impactful.

    If the single lifestlye is your thing, great. Some guys are cool living alone their whole lives and dying rich and alone. Good for you. It's just not my thing.

    Step 1: Dream the Dream || Step 2: Live the Dream || Step 3: Rinse, repeat.

  • AVPGuerilla's picture

    A bunch of really stand-up guys on this forum, I can see. If you didn't have a pre-nup signed and can see your wife's about to ditch you, leave her broke and destitute, to hell with kids, not like you owe them anything, right.

    Whatever happened to morals or a sense of responsibility to your offspring? Seriously, some of your fkers disgust me. Shallow as a goddamn puddle.

    Step 1: Dream the Dream || Step 2: Live the Dream || Step 3: Rinse, repeat.

  • AVPGuerilla's picture

    Jackie - pretty much hit the nail on the head there!
    (Love that someone tossed scheisse on my for my above comment... almost comical... get a job dude.)

    Step 1: Dream the Dream || Step 2: Live the Dream || Step 3: Rinse, repeat.

  • In reply to IlliniProgrammer
    Simple As...'s picture

    IlliniProgrammer wrote:

    Not perfect, but no prenup conversation necessary. Besides, my religion is against talk about divorce before marriage.

    Haha... My religion is against birth control, but that never stopped me from protecting myself. Shouldn't stop you either.

    patternfinder wrote:
    Of course, I would just buy in scales.

    See my WSO Blog | my AMA

  • In reply to AVPGuerilla
    SAC's picture

    AssociateGuerilla wrote:
    A bunch of really stand-up guys on this forum, I can see. If you didn't have a pre-nup signed and can see your wife's about to ditch you, leave her broke and destitute, to hell with kids, not like you owe them anything, right.

    Whatever happened to morals or a sense of responsibility to your offspring? Seriously, some of your fkers disgust me. Shallow as a goddamn puddle.

    Why would you want to hand over your hard-earned money to someone who's about to leave you ?

  • In reply to Jackiesinthesun
    veritas14's picture

    Jackiesinthesun wrote:
    Simply put:

    If you don't want to give her half, don't marry her.

    Wise words.

    *********************************
    “The American father is never seen in London. He passes his life entirely in Wall Street and communicates with his family once a month by means of a telegram in cipher.” - Oscar Wilde

  • Gr4v1ty's picture

    I would be upset, but finance (or any lucrative big business) isn't about being morally responsible or taking care of others. It's not surprising that the individuals who are drawn to finance support the underlying drivers and therefore often don't see the value in much else. If it can't be DCF'ed or F'ed and left, I don't think most guys care...

  • manbearpig's picture

    What is the problem with giving her half? Seriously, who cares? Chances are, none of us will be billionaires, but most of us who are already established in our careers will be quite well off, and parting with some of that wealth should not be the end of the world for anyone. If god forbid my marriage ends in 10 years, I'll have to give a couple million dollars to my wife, and I would do it happily out of respect for the time we spent together (barring some extreme circumstances of course). Even if I have to give half (or even most) of my networth, I can still earn it back pretty easily, whereas my wife wouldn't be able to earn it back. I would want her to be able to live the rest of her life comfortably...

    -MBP

  • manbearpig's picture

    And let's face it. Out of the marriages that end in divorce because of infidelity, it's usually the man who cheats. So it seems fair that the woman gets to leave with enough money to live the rest of her life comfortably.

    I do agree that Eddie's example above is insane. That woman should walk away with the millions she's already been awarded.

    -MBP

  • In reply to AVPGuerilla
    IlliniProgrammer's picture

    AssociateGuerilla wrote:
    A bunch of really stand-up guys on this forum, I can see. If you didn't have a pre-nup signed and can see your wife's about to ditch you, leave her broke and destitute, to hell with kids, not like you owe them anything, right.

    Not advocating it, just saying that there's alternatives to the US legal process if you're really pissed. Which means you're probably taking the kids to the UAE with you and being their father there.

    Of course, you'll never be able to leave the Middle East without getting arrested. But the original response was intended as more of a point that we shouldn't talk in absolutes.

    My view is that if you say "Till death do us part," you should mean it, and you should be willing to stick out a marriage through good times and bad.

  • In reply to manbearpig
    SAC's picture

    manbearpig wrote:
    What is the problem with giving her half? Seriously, who cares? Chances are, none of will be billionaires, but most of us who are already established in our careers will be quite well off, and parting with some of that wealth should not be the end of the world for anyone. If god forbid my marriage ends in 10 years, I'll have to give a couple million dollars to my wife, and I would do it happily out of respect for the time we spent together (barring some extreme circumstances of course). Even if I have to give half (or even most) of my networth, I can still earn it back pretty easily, whereas my wife wouldn't be able to earn it back. I would want her to be able to live the rest of her life comfortably...

    Its not about the money in every case, sometimes its about your principles.

  • In reply to manbearpig
    IlliniProgrammer's picture

    manbearpig wrote:
    What is the problem with giving her half? Seriously, who cares? Chances are, none of us will be billionaires, but most of us who are already established in our careers will be quite well off, and parting with some of that wealth should not be the end of the world for anyone. If god forbid my marriage ends in 10 years, I'll have to give a couple million dollars to my wife, and I would do it happily out of respect for the time we spent together (barring some extreme circumstances of course). Even if I have to give half (or even most) of my networth, I can still earn it back pretty easily, whereas my wife wouldn't be able to earn it back. I would want her to be able to live the rest of her life comfortably...

    Well, if there's no divorce, you never have to worry about it. That should really be the ideal. But since I probably haven't met Miss Gorgeous yet, I get to be rational and worry about my ability to make rational decisions when I'm in love.

    If there is a divorce, is it fair for your wife to be able to demand half of everything you earned before you got married? I understand half of the money you earned during your marriage, but if you worked like crazy for 10-15 years, finally made it, and got married to somebody who left you after two, should she really be able to demand half of that money?

    I really don't want to be the guy who gets married for his money. Hence, if I ever strike it rich before marriage, it's all going into a trust to help reduce some of that incentive.

  • In reply to anaismalcolm
    bfin's picture

    anaismalcolm wrote:
    I think the lesson here is moreso don't be an idiot than be scared of marrying a woman. Now, I've been proposed to awhile ago so I'm probably biased, but I also said when we were just friends rather than even dating that I wanted a pre-nup (for my sake at least, since I plan on being wildly successful like most young monkeys), so perhaps that influenced him positively. The goal is for either sex to find a partner who is not going to use them for their looks/money/connections, because there's pretty little hope of that ever lasting.

    If you're an Ivy League IB'er who has just become an MD, and you get a chick from Conn U. who loves the "experience" of shopping with you, going out to clubs and showing off to other men while buying expensive bottles of bubbly, and has no plans for future income, don't marry her. It just seems like so many of these stories involve really horrible character judgments on the men's part. Though my mother or Britney Spears with Kevin Federline are examples when women make just as terrible judgment calls.

    tl;dr Don't be a dumbass and marry someone who doesn't want to build something -with- you.

    don't insult my state school women. more shit for you.

    The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

    WSO is not your personal search function.

  • In reply to IlliniProgrammer
    manbearpig's picture

    IlliniProgrammer wrote:
    manbearpig wrote:
    What is the problem with giving her half? Seriously, who cares? Chances are, none of us will be billionaires, but most of us who are already established in our careers will be quite well off, and parting with some of that wealth should not be the end of the world for anyone. If god forbid my marriage ends in 10 years, I'll have to give a couple million dollars to my wife, and I would do it happily out of respect for the time we spent together (barring some extreme circumstances of course). Even if I have to give half (or even most) of my networth, I can still earn it back pretty easily, whereas my wife wouldn't be able to earn it back. I would want her to be able to live the rest of her life comfortably...

    Well, if there's no divorce, you never have to worry about it. That should really be the ideal. But since I probably haven't met Miss Gorgeous yet, I get to be rational and worry about my ability to make rational decisions when I'm in love.

    If there is a divorce, is it fair for your wife to be able to demand half of everything you earned before you got married? I understand half of the money you earned during your marriage, but if you worked like crazy for 10-15 years, finally made it, and got married to somebody who left you after two, should she really be able to demand half of that money?

    I really don't want to be the guy who gets married for his money. Hence, if I ever strike it rich before marriage, it's all going into a trust to help reduce some of that incentive.

    Yeah I totally get that. I guess I was thinking along the lines of my personal situation. We've been together for like 7 years. Well before either of us knew we would be pretty well off. And if we ever split up, I would have no issue with giving up half.

    I do agree though, she shouldn't be entitled to half the money you had before you even met her...

    -MBP

  • AVPGuerilla's picture

    SAC - fair enough. I wouldn't want to give my ex half of my net worth - it's the kids I'm focused on. My pops bounced out when I was a kid, so this strikes a personal cord with me.

    And to the person who keeps throwing sht at me - I know who you are, and you know who you are - toss away. I care less. Not going to get into some morality pissing contest with you... don't ask me to refer your resume again... it's quite weak.

    Step 1: Dream the Dream || Step 2: Live the Dream || Step 3: Rinse, repeat.

  • WallStreetOasis.com's picture

    These threads also scare the shit out of me. I'm now 30, happily single, traveling, running WSO (about to launch JDO) and just overall having a great time. BUT eventually I do want kids and I like the idea of marriage assuming I can find the right person.

    ...but I have to say it's not easy. Maybe it's because I've already had 3 long term relationships (1.5, 2.5 and 3.5yrs each) and now have more dating experience under my belt than when I was 22 (jaded?)- but to find the right person is looking harder every day.

    I think we all have very high standards and to find someone that can challenge you intellectually, has the right priorities in life, will be a good mother, etc....and after ALL that, you still have to be attracted to her...it's like Super Woman. I mean, I know everyone has flaws (including myself - for example, I'm stubborn as a mule), but I just find this mix (intelligent, beautiful and grounded) to be extremely rare. Maybe I'm looking in the wrong place?

    Either way, I'm not too concerned (yet), but in a few years (say 34), I'd like to at least have started a relationship with my future wife so I can have some kids before I'm 40. My body is already falling apart at 30 so I can't imagine how old I'll feel at 40 (and yes, I have read the 4 hour body).

  • TNA's picture

    I don't know, I think pre nups should be mandatory. Not even for the money, but for te sobering effect being in a lawyers office brings about. Marriage is not about love, it is about commitment. This whole Disney version of marriage is what has ruined marriage. After 10 years it is about the bond you have with your wife, not about looks or love. People need to be much more pragmatic with things. Don't get married until you can have an adult conversation about what you are going into.

  • mike55555's picture

    I've heard of cases where a pre-nup doesn't hold up in court. A very good attorney will be able to bring to light the circumstances, under which the girl signed. If a lawyer can prove she was under duress when she signed it, then it no longer holds up in court. However, statistically speaking you are much safer with a pre-nup than without one, but don't be mislead into believing you are 100% safe, just because she signed a pre-nup.

    Men are so simple and so much inclined to obey immediate needs that a deceiver will never lack victims for his deceptions.

    -Niccolo Machiavelli

  • CompBanker's picture

    Just a note about Valentine's Day: This is a TERRIBLE day to propose! Don't ever propose on the girl's birthday or a holiday. If you do so, the ring will be classified as a "gift" and you won't be able to get it back legally even if you break up right away. My girlfriend was actually the one who pointed this out to me and sometimes we even laugh at our guy friends who propose on holidays/birthdays.

    CompBanker

  • Edmundo Braverman's picture

    I just have to tell you guys this story because it cracks me up every time I think about. I apologize in advance if I've told it before, but I don't think I have.

    I was at a wedding in Southern California many years ago, and a few hours into it I happen to have a conversation with the mother of the bride. She's had a bit to drink and she's feeling chatty, so I talk to her for a little while. It comes up in the conversation that the parents of the groom gave the bride and groom their wedding present the night before at the rehearsal dinner, and it was a fully-paid off $500,000 house.

    I was pretty stunned at the gift. Let's face it, that's a hell of a wedding gift. The only stipulation was that the couple had to cover the property taxes (around $1,500 a month if I remember correctly), but they got a house free and clear. The bride's mother was livid about it though. At first I thought it was because the gift outshone whatever she got them, but then the truth came out.

    She started with, "That son of a bitch (referring to the groom's father) knew exactly what he was doing. By giving them the house last night, before they were married, it's not community property. Now if they get divorced, my daughter gets none of it." I remember thinking it was a pretty slick move on the groom's dad's part, and I remember chuckling at how focused the bride's mother was on their inevitable divorce.

  • In reply to IlliniProgrammer
    Ben Shalom Bernanke's picture

    IlliniProgrammer wrote:
    Again, why a premarital spendthrift trust is pretty darned airtight. Stick your stash into there before you meet Miss Gorgeous.

    Illini,

    According to wikipedia (which is not the courts, but a good source nonetheless)

    "Necessaries, child support and alimony

    Some creditors may compel payment out of the trust - particularly those who supply the beneficiary with "necessaries" (usually food and shelter, but sometimes clothing and transportation, if these are not extravagant). Most jurisdictions also permit the invasion of spendthrift trust assets to satisfy awards of child support and alimony."

    Sounds like if you wanna hide something from your ex-wife, better do it in the backyard with a shovel.

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