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Caveat: as with all legal questions, it depends somewhat on where you are, since laws are different in different countries. You should consult a lawyer familiar with your local laws.

There's nothing fundamentally wrong with the notion, though if there are community property laws in your location, you'll definitely want to talk to a lawyer. Generally speaking, in a community property state most property acquired during the marriage is considered to belong jointly to both spouses. The ratio of ownership may be mandated by law (for example, California expressly regards community property as belonging equally to both parties), or it may be subject to determination by some other method. The expressly stated intent of both spouses may be sufficient to regard a particular piece of property as belonging solely to one or the other of them, or it may not (this is why I said talk to a lawyer).

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βˆ™ 14y ago
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