Think Putting Assets in Your Spouse's
Name is Asset Protection?

Think Again

For decades, many professionals have put their assets in their spouse's name in what was believed to be solid asset protection planning. Unfortunately, this has never been a wise approach, and is more risky today than ever before. Here's why:

• Legal ownership. Just because your house or portfolio is in the name of your spouse does not guarantee that a judge will see it that way. If you are the sole bread-winner, and you are making the mortgage payments or yearly contributions to purchase stock, aren't you still the owner? Some courts might think so.
  
• Divorce. What happens if you get divorced? We all know the divorce rate hovers near 50% these da...
  
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