set aside money for parents without telling your wife to be.

[Anonymous]

This is a question for guys who is about to get married. I am going to get married in a few months. I want to set aside about 1M for my parents without telling my future wife about it. My parents do not need the money now, but they might need five years from now with long-term care. I really don't want money to be the issue in the future with my wife and I. Thoughts?

[Anonymous]

You are doing everything possible to ensure that money will be the issue in future if you sneak around. She is not entitled to any of your earnings prior to marriage but she is to your honesty.

[Anonymous]

Anonymous wrote:You are doing everything possible to ensure that money will be the issue in future if you sneak around. She is not entitled to any of your earnings prior to marriage but she is to your honesty.

+1

Not fully disclosing/discussing finances is a red flag and WHEN found out will be a lightening rod for marital issues, as it should be.

[Anonymous]

How much money do you have? How much do you make? Why do they need $1m (that's a lot)? Do you have siblings? If you're going to do it, look into a trust.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You are doing everything possible to ensure that money will be the issue in future if you sneak around. She is not entitled to any of your earnings prior to marriage but she is to your honesty.

+1

Not fully disclosing/discussing finances is a red flag and WHEN found out will be a lightening rod for marital issues, as it should be.

+2
If you have one million to casually set aside, money should not be an issue in your marriage. Don’t make it one.

[Anonymous]

Anonymous wrote:You are doing everything possible to ensure that money will be the issue in future if you sneak around. She is not entitled to any of your earnings prior to marriage but she is to your honesty.

This. Are you foreign? Is she? Do you have a lot of other assets? Does she? Does she know she’s marrying a momma’s boy? Do your parents like her? Does she like them? You are not painting a great picture of your future life TBH.

[Anonymous]

Anonymous wrote:How much money do you have? How much do you make? Why do they need $1m (that's a lot)? Do you have siblings? If you're going to do it, look into a trust.

It’s not a lot of money it’s less than 5 years of decent, full time care.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How much money do you have? How much do you make? Why do they need $1m (that's a lot)? Do you have siblings? If you're going to do it, look into a trust.

It’s not a lot of money it’s less than 5 years of decent, full time care.

If that's not a lot of money to you, you should be working with a professional financial advisor and an attorney to work out arrangements for something like this and your prenup. Not trolling here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How much money do you have? How much do you make? Why do they need $1m (that's a lot)? Do you have siblings? If you're going to do it, look into a trust.

It’s not a lot of money it’s less than 5 years of decent, full time care.

It might be a lot of money for the OP and their marriage; we have no context.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How much money do you have? How much do you make? Why do they need $1m (that's a lot)? Do you have siblings? If you're going to do it, look into a trust.

It’s not a lot of money it’s less than 5 years of decent, full time care.

If that's not a lot of money to you, you should be working with a professional financial advisor and an attorney to work out arrangements for something like this and your prenup. Not trolling here.

I’m not op, but yes agree he should get a prenup.

[Anonymous]

Let me take a wild guess. OP is marrying a much younger woman who wouldn’t spare him a second glance without his wallet.

[Anonymous]

If you can't have a discussion with your wife about these issues, you shouldn't be getting married.

[Anonymous]

Oh for the love of god do not get married to that poor woman and get your arse over to the relationship forum. This is 100% not about money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How much money do you have? How much do you make? Why do they need $1m (that's a lot)? Do you have siblings? If you're going to do it, look into a trust.

It’s not a lot of money it’s less than 5 years of decent, full time care.

That's true, but I assume OP is investing that money... although it's maybe not the greatest time to invest, given predicted volatility. Maybe park it somewhere and then buy stocks in 6 months when the market hits rock bottom.

I've a wife and I see no issue with setting aside a portion of your money before marriage. You might want to consult a lawyer, however, because it might be tricky: ou'll have to place this in a separate account, under your name only, that you never touch for any other purpose than helping your parents. Anything that's used for household or family expenses/trips/etc can be considered marital assets.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You are doing everything possible to ensure that money will be the issue in future if you sneak around. She is not entitled to any of your earnings prior to marriage but she is to your honesty.

+1

Not fully disclosing/discussing finances is a red flag and WHEN found out will be a lightening rod for marital issues, as it should be.

+2
If you have one million to casually set aside, money should not be an issue in your marriage. Don’t make it one.

+3