My second husband and I bought a large property and developed it into a successful restaurant and campground that's now worth $3.5 million. But it's in his name only. What should I do, Moneyist?
My second husband and I bought a large property and developed it into a successful restaurant and campground.
What if he decides to divorce me? How will I be protected? He tells me everything is just fine and those issues will never be a problem for me. Equitable distribution states divide marital assets fairly and community property states divide marital assets 50/50. To answer your question: This business was created during your marriage and with marital funds. In the event that you were to divorce, especially given that you have signed loans, a judge would consider you an equal owner.
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