<p>Kind of hard to believe that dstark is ever depressed. He’s one of the perkier posters here.</p>
<p>
It could be a way to slow him down if the husband wants to do something the wife doesn’t want. Some people with depression sometimes make less than optimal decisions and maybe the wife is or has reason to be concerned about that. She could be protecting him from himself, too, if that makes any sense.</p>
<p>
That just cracked me right up.</p>
<p>BCEagle91, thanks.</p>
<p>Zoosermom, you could be correct.</p>
<p>The husband is not acting right. I think you are correct and they are going to get divorced.</p>
<p>The wife told her husband she would never marry a poor guy. She wanted a lifestyle and she knew her husband could give it to her.</p>
<p>Now…the husband wants to cut the lifestyle back. She doesn’t want to cut the lifestyle back. It is questionable whether they have to cut back. I think they do and they have because the wife is a little out of control with spending.</p>
<p>The husband has also made some very poor financial decisions. He understands he is depressed and is not really doing anything right now. This doesn’t help his depression because he wants to do something.</p>
<p>They are still in fantastic financial shape.</p>
<p>They aren’t in the same place.</p>
<p>You are right, BC 
I think dstark already mentioned said friend in some of his posts.</p>
<p>Maybe the wife is worried that her H can cause some harm to himself (god forbid!), become incapacitated, or worse due to his illness. Depression is a very serious condition… Depending on how the title to the house is held, the wife might be left out of inheriting it even though they live in a community property. In WA, if it is a joint tenacy, then the surviving spouse inherits the property in the event of the other’s death. If it is single ownership, even in a community state, the owners’ kids and other blood relatives might have the first dibs on the property, unless there is a will. I’m not a lawyer, so please take my words with a grain of salt, and your friend would be wise to consult a RE attorney.</p>
<p>I think the best advise Dstark should give the friends is to seek legal advise. Any other advise we give here is only going to add more problems to his friends.</p>
<p>Yeah BunsenBurner…he talked to an attorney friend who told him not to sign anything. </p>
<p>He is a little screwed up so it is difficult to know what the attorney really said.</p>
<p>I don’t know how the wife can live with the guy…</p>
<p>Sometimes it’s easy to blow something small out of proportion. Even so, maybe it’s the impetus needed for change, before the pot boils over. We don’t know the details. Like EK said, this could be an opportunity for growth.</p>
<p>Do they want to stay married to one another? If so, maybe they should talk to someone (i.e., professional who specializes in marriage counseling) and try to work out their differences. If not, then maybe they should separate for a time before making a final decision. Could be the differences they have over money are really differences about other life issues/choices and are about more than money??</p>
<p>The wife’s behavior is consistent with someone anticipating a divorce. The husband should not agree to the transfer. If the husband nevertheless decides to transfer assets, it should only be pursuant to a post marital agreement if such contracts are enforceable in that state.</p>
<p>Sometimes depressed people will give their stuff away. That may be part of the reason for this.</p>
<p>The wife wants 50% of the assets to be in her name. I personally think this is very reasonable in a marriage. If she wanted 100% of the assets in her name, I’d say you have more cause for concern.</p>
<p>I guess my question…why is it OK for the husband to have 85% of the assets in HIS name and the wife 15%?</p>
<p>Thumper, I am not getting your question. The wife has 15 percent in her name plus she is entitled to half of everything else.</p>
<p>Do they have any children?</p>
<p>Yes. They have many children.</p>
<p>Ok. then are the kids under the age of 18 ? or are the kids adults and are the kids all theirs together or from previous marriages?</p>
<p>Also I’m not getting why he wouldn’t get half of the 15% if she gets half of everything else. If that’s the case then he is getting
less than half of their assets.</p>
<p>^^H and I kept our assets separate that we brought to the marriage and H had “more assets” at that point in time because he inherited some things. Everything from the marriage on is joint – although we have separate bank accounts and one joint account. We each pony up equal amounts into the joint account and do what we want with our individual accounts. We borrow from each other occasionally and pay each other back. </p>
<p>I think the wife is getting ready for the divorce and wants some say in what happens to the house.</p>
<p>It’s a marriage. I guess I don’t understand why everything isn’t held jointly that is of significant value.</p>
<p>I can understand why the house is separate property. Maybe the H inherited money before the marriage and bought the house. Maybe this is his second marriage and wants the house to go to his estate or children from a previous marriage upon his death. </p>
<p>As others have alluded, the wife may be the one afraid of an impending divorce and she wants to protect herself. The H can just sell the house without her knowledge and she may suddenly find herself homeless. On the other hand, maybe she wants to do it to build up her credit score. If something happens to her H she is now homeless and not much going for her in terms of Fico score.</p>
<p>I think the H is being prudent in keeping the house in his name. I think the W is being prudent in making sure she is protected in case of a divorce or something bad happens to the husband. They should sit down and talk. Maybe the H can buy the wife a one BR condo with a gorgeous view to allay her fears. </p>
<p>This is all speculation on my part.</p>
<p>Some kids are under 18. </p>
<p>I don’t know if he gets any of the 15 percent.</p>
<p>I talked to the h. His lawyer friend told him not to sign. Yesterday, I told him not to sign.
He said he is expecting to sign today. I made no comment. Just continued the conversation…</p>