Unless absolutely necessary, do not put assets in joint names with your wife
People say there is no point in doing that because assets are divided based on contribution during a divorce anyway.
That is absolutely not true.
If the husband's contribution is nearly 100%, the asset could be excluded from the division entirely,
or the husband's contribution could be recognized as 80% or more.
But if you put it in joint names at a 5:5 or similar ratio?
Then when fighting over contribution and transferring shares during the division process,
the stress falls entirely on the man... Even though it is his own share, if things get urgent, he might even have to get on his knees and beg lol. I don't know why people voluntarily put themselves in such a disadvantageous position.
Holding it in a sole name makes it much more psychologically advantageous and gives you more breathing room when disputing contribution.
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