michelangelo Posted October 4, 2006 Posted October 4, 2006 If you inherit assets after you marry it remains your exclusive property UNLESS you comingle it with your marital assets shared with your spouse. For example, if you inherit $100K from your rich uncle. If you place it in a bank account or open a borkerage account just in your name, it stays just yours. If you put it in the joint account you have with your spouse, then you just converted it to marital assets that can be split with the spouse during a divorce.
RecordProducer Posted October 6, 2006 Posted October 6, 2006 For example, if you inherit $100K from your rich uncle... Rich uncle! He leaves you $100k! You can inherit more from a "poor" parent!
ladyinwaiting Posted October 6, 2006 Posted October 6, 2006 I have a house (okay, about 15% of a house...), a nice car, good savings and a good credit history. My fiance has none of these things. I wouldn't dream of asking for a prenup. For a first marriage, where neither of us has any other obligations, and in which we have every intention of staying together, it just seems obscenely jaded to even contemplate one. Undoubteldy, I'll feel differently if, in 15 years, my husband leaves me for a young blonde. But if I thought he was the kind of man who'd do that, I wouldn't be marrying him. I feel very differently about prenups for people with kids of obligations, though. In that case, your needs and desires as a couple have to come second to those of the kids, and a prenup is the way to go. But for two people who just have each other? No way. If you don't trust each other and expect things to fail, why bother getting married?
bab Posted October 6, 2006 Posted October 6, 2006 We talked about getting one, but never did it. Mostly because we didn't really have any assets before we married. I'm not sure exactly how they work, but I would put in stipulations about how things are done if there is documented marriage counseling or if there isn't. Would it be possible to give both of yourselves some sort of penalty if no marriage counseling took place?
michelangelo Posted October 6, 2006 Posted October 6, 2006 Hey Recordproducer! If $100K is chump change, pass it my way. Seriously, I think the same rules apply if your rich uncle leaves you $100M.
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