Separating when buying your houses?

[Tamara R.]

When financing real estate do you try to keep it in one spouses name or the other? I know there is some benefit to having four or less and many people each spouse gets four instead of both so you can have more before it counts as four. I forgot why though. Is this true and why?

Thanks

[Terrell Garren]

Just an opinion from and old retired guy. Marriage is a commitment and partnership. Don't chip away at it with separate bank accounts, property titles and loans. If you need more than 10 loans, I think you are getting into high risk territory. Use an umbrella policy until you have a couple million in net wealth, then move your properties to an LLC for additional asset protection.

P.S. My son is getting married soon. Said he and his wife may keep separate bank accounts since a lot of his friends were doing the same.  I mentioned that he might ask a few couples that have been married longer than his friends have been alive.  You could see the wheels turning.