No. of Recommendations: 1
Divorce isn't the only thing that you'd like to protect against. And as you pointed out, you are not protected against your spouse in a divorce. A lawsuit or judgement against one spouse can't be used to take money or assets that belong solely to the other.

Plus there's the psychological mental benefit of the wife knowing that she has a significant chunk of money that legally belongs to her and her alone. My mom called it her "mad money".

This type of advice is dependent on whether one lives in a community property state or not.

Especially in a divorce, but in other circumstances like lawsuits and judgements, in a community property state, anything earned by the 'community' is generally considered to belong to both parties, even if it's in a separate account. If one specifically protects assets as being 'sole and separate property', it can be possible to have separate assets in a community property state, but it generally needs to be done ahead of time.

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