It is a common misconception that getting married in the United States automatically leads to losing half of your money in the event of a divorce. The idea of losing half of one's assets in a divorce is often associated with the concept of "community property" laws that exist in some states.
Community property laws typically apply in nine U.S. states (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin), and in Alaska, couples can opt into a community property system. Under these laws, property and assets acquired during the marriage are generally considered joint property and are subject to a 50/50 division during divorce.
However, the majority of U.S. states follow the principle of "equitable distribution" rather than community property. Equitable distribution means that assets and property are divided fairly but not necessarily equally based on factors such as each spouse's financial contributions, individual needs, and other relevant circumstances.
It's important to note that divorce proceedings can be complex and often depend on various factors, including the specific state laws, the duration of the marriage, prenuptial or postnuptial agreements, and individual circumstances.
To better understand how divorce laws apply to your situation, it's crucial to consult with a family law attorney who can provide personalized advice based on the laws in your state and your individual circumstances.