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Old 09-11-2017, 03:24 PM   #21
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Especially if they marry later -- like out of college and into the workforce for a few years.
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Old 09-11-2017, 09:03 PM   #22
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I appreciate your input. My son had a gf and things never turned out but at one point it was close to marriage. He told me that if marriage would of happened he would of asked for a prenuptial. He has done very well for himself and knows that an inheritance could be.

I guess I do give him a lot of credit for thinking about all avenues when getting married.
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Old 09-11-2017, 09:35 PM   #23
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He retired on pension but I guess that could make sense. Although can't inheritances be kept as separate property by simply never mingling it into the family's assets? I don't know this stuff as well as some of the others do, but I always thought that was the case.

Son doesn't brag as much as FIL. He just smiles and fully vests into his wife's Roth each year .... smart kid
What does it mean "fully vests into his wife's Roth each year"
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Old 09-11-2017, 09:47 PM   #24
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He puts 5500 into a Fidelity total stock fund for her. From what I gather, she still has her 25k savings account too
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Old 09-11-2017, 09:58 PM   #25
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He puts 5500 into a Fidelity total stock fund for her. From what I gather, she still has her 25k savings account too
Thanks. I never heard that referred to as "vesting" before. He's actually gifting her $5,500 which she invests in her Roth.

I funded my wife's IRA for many years. It worked out well as I'm sure it will for your son and DIL.
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Old 09-11-2017, 10:38 PM   #26
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because it shows commitment?
All it shows is that you can pay the $10 and get a license. The divorce and adultry rate proves it.

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Other than the moral stuff, depending on where you live, this won't help. Once you cohabitat for a period of time, he/she can take half anyway...
Not in MN, after 27 years of living with the same GF, it takes more than just living together. Otherwise two college roommates would be considered married.
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Old 09-11-2017, 10:54 PM   #27
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............Not in MN, after 27 years of living with the same GF, it takes more than just living together. Otherwise two college roommates would be considered married.
Yea, particularly now that same sex marriage is legal there.
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Old 09-12-2017, 08:50 AM   #28
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Yea, particularly now that same sex marriage is legal there.
It's legal everywhere. And now it will be the thing that people will remember "you got what you wished for"...

There are the beginnings of same-sex divorce, which hopefully be the start of a more equal divorce settlements for everyone.
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Old 09-12-2017, 11:01 AM   #29
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The Washington Post had this last month, geared toward Millennials:

Why you’re more likely to have a prenup than your parents were
https://www.washingtonpost.com/busin...=.d6e28d7da2e5
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Old 09-12-2017, 11:40 AM   #30
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A sad story, but I had an old college friend who setup a prenup to protect his fiancee.

A younger relative had "borrowed" his car w/o my friend's knowledge & caused an accident which permanently crippled the driver of the other car.

Since my friend didn't want to report his relative for auto theft, he (and future spouse) would have been on the hook for any damages awarded above insurance limits w/o the prenup.

The above is yet another reason why I will always carry an umbrella policy.

Should I or any other member of my family accidentally cause something as horrible as the above I want the injured party to receive a halfway-decent settlement.
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Old 09-12-2017, 11:41 AM   #31
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It's legal everywhere. And now it will be the thing that people will remember "you got what you wished for"...

There are the beginnings of same-sex divorce, which hopefully be the start of a more equal divorce settlements for everyone.
I was actually joking. I can just see some poor kid coming home to tell his parents that since he shared a dorm room at college, he is now considered to be married to the guy.
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Old 09-12-2017, 01:51 PM   #32
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Once you cohabitat for a period of time, he/she can take half anyway...
There are only 10 states that recognize common law marriages for people who marry now. In 40 out of 50 states, you have to actually be legally married for someone to claim half your stuff, living together for any period of time does not matter.


Common Law Marriage Fact Sheet €” Unmarried Equality
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Old 09-12-2017, 02:00 PM   #33
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There are only 10 states that recognize common law marriages for people who marry now. In 40 out of 50 states, you have to actually be legally married for someone to claim half your stuff, living together for any period of time does not matter.


Common Law Marriage Fact Sheet €” Unmarried Equality
What you miss is that in some areas palimony suits are easy to bring and perhaps win.

Washington is one of these.

Ha
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Old 09-13-2017, 01:53 PM   #34
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What you miss is that in some areas palimony suits are easy to bring and perhaps win.

Washington is one of these.

Ha
I can assure you of one thing, "You can sue anyone for anything", and "Once you get in to court, especially family court, anything can happen and probably will".

Ok, that's two things.
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Old 09-13-2017, 02:12 PM   #35
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If my son told me he was going to do a prenup with his then fiance( now wife), I would have told him he didnt really love and trust her. In reality Im sure its a wise move for many people. But in my minds eye I cant get around it as sort of hedging your bet.
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Old 09-13-2017, 02:19 PM   #36
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If my son told me he was going to do a prenup with his then fiance( now wife), I would have told him he didnt really love and trust her. In reality Im sure its a wise move for many people. But in my minds eye I cant get around it as sort of hedging your bet.
Hedging a bet? Not at all in my case. It's nothing more than an insurance policy of sorts. When folks stay married 'until death', it's a useless piece of paper...but when things go down the drain, it can be a good thing to have. I have been with my DW since 2006 and we've never even discussed it and I have never had any thoughts about, 'Hey! I have a prenup...let's get divorced!'
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Old 09-13-2017, 09:17 PM   #37
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I had nearly nothing when I got married and she had less than nothing (debts). We discussed the idea of a prenup including splitting everything 50/50 if we ever broke up.

But since we had so little, we decided against the prenup. It was a terrible mistake.

The person you thought you knew well enough to marry, may not be the person you are divorcing. With a new midlife crisis and a boyfriend who was experienced in divorce law, she moved to split 90/10 or 100/0 if she could get it. Even with not much original assets to protect, enshrining the idea of a 50/50 split would have saved a lot of hassle and legal fees.

If I ever re-marry, I will insist on a prenup.
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Old 09-13-2017, 11:05 PM   #38
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Married my husband this July and have been dating him for 7 years before hand. He makes good money with no assets and I have a lot of assets. Didn't think about prenups. Although when we were dating he told me his dad had a talk with him about how marriage are just not a good idea(his dad gone through two divorces) lol just don't rush into anything. And be honest with urself and the other person. Love can be blinding, I had that with my first boyfriend. The breakup was not good at all. Thank god we weren't married, although I would've cuz I was too in love or too stubborn to let it go. I now thank him for breaking up with me.
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Old 09-14-2017, 10:31 AM   #39
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If my son told me he was going to do a prenup with his then fiance( now wife), I would have told him he didnt really love and trust her. In reality Im sure its a wise move for many people. But in my minds eye I cant get around it as sort of hedging your bet.
It all depends on how much you value retirement. If you do not mind losing everything, and going back to work, no need for a prenup.

For two people with nothing, a prenup will only pre-negotiate and children issues. A judge will split the money and pensions.

I always wonder why people even get married, especially wen they are beyond the age of having kids.
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Old 09-14-2017, 10:37 AM   #40
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I've seen it too many times, "real love and trust" turn on a dime, most every marriage is based on love and trust
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