Trust fund and Prenups

[Al]

Originally Posted By: Jarlaxle

Nope. A divorce judge can and will tear up ANYTHING and award her everything. Only way to come out ahead is to have a stash that she does not know about. (As in: stacks of cash in a safe deposit box.)

While it is possible. If you think the woman always gets the benefit of the doubt think again. It all depends on the individual judge and the lawyer and even the relationship of the lawyer with the judge. In family court especially a small town there is the good 'ol boy club.

I have experience with my daughter's divorce.

But you are right in the sense that the Judge has the power to enforce or NOT enforce the law. Family Court can and frequently is a joke and justice is not always serve in behalf of the woman or the man.

 

[Clevy]

Originally Posted By: stockrex
Achtung!
Once the money is mixed with marital money, the money is irrecoverable.

I would keep it in trust fund, NOT declare it. keep documentation. what is his is his. you don't have to pay PMI. take 2 loans, and use the trust fund as an asset.

Oh, pay a good lawyer for a pre-nup NOW, friend watch out for friends, you have to the objective 3 person and protect his interests.

it won't cost you that much for a prenup.


This is good advice.

Personally I'd say nothing. Nada. Then it's never an issue. She doesn't have delusions of rolling in cash and he never has to worry if she married him for money.
If later in life the relationship is secure then maybe use it to improve the standard of living,or forget it exists til a situation presents itself where it's needed.

Life is a cruel maiden. One day your high on the hog,the next day your injured,can't work and the sheriff just posted an eviction notice
If the money isn't needed and they have enough to meet their needs put it somewhere safe and let it collect interest in some kind of low risk investment that doesn't penalize if the cash is withdrawn,if such an investment exists.
But I'd say nothing about it for now. He got it prior to any marriage which means she isn't entitled to any of it.
Save it for a rainy day,or emergency. We live in tumultuous financial times.

 

[zzyzzx]

Originally Posted By: Jarlaxle
Do not even consider marriage under any circumstances except snaring himself a rich widow or heiress. Otherwise, it is a bit l,ike playing Russian Roulette with three in the cylinder.


+1 for the above comment!

 

[dareo]

A Pre-Nup serves one valuable role: It starts a marriage on a stronger platform that says it will not be disrupted for financial gain.

Maybe a guy has 100k and gets married. Then his wife wins the lottery, or develops an amazing product, or whatever and becomes very wealthy. If its agreed upon ahead of time people aren't tempted to disrupt a marriage just for money.

I highly recommend them 100% of the time regardless of the circumstances. People that take offence to financial fairness from day one have issues.