Talking engagement and find out boyfriends deal with EXwife

[Anonymous]

Anonymous wrote:She made an investment, and she is collecting a share of the venture's profits. She's not an employee; she's a shareholder. She doesn't need to do anything for the business if this is the deal they made.

Exactly.

[Anonymous]

"I want to start a life with this man but I don't want to keep her on the payroll forever."

With a pre-nup your boyfriend won't keep you on the payroll forever. See how that works.

[Anonymous]

Anonymous wrote:

Anonymous wrote:She made an investment, and she is collecting a share of the venture's profits. She's not an employee; she's a shareholder. She doesn't need to do anything for the business if this is the deal they made.

Exactly.

How is this different than owning stock in any business? When I own stock, I get a return on my investment, but I don't actually do any "work" to "earn" my dividends.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We have both been married before. I had alimony for a short time but it is long gone which is fine as I rebuilt my career. I have one DC who I get child support for. I was married 7 years. Boyfriend was married 14 years and has two kids whom he pays child support for. I assumed she no longer got alimony as they have been divorced for 4 years. We want to get married so we had a financial talk last night. Turns out his ex wife passed up alimony in exchange for 22 percent of his business...as in she owns 22 percent of his business FOREVER. This gives her passive income of about 78-90k a year!!!!! FOR DOING NOTHING!!!! My boyfriend is fine with it and said something like "I would of never been able to start this business without her." Isn't unusual there was no "buyout."??? I want to start a life with this man but I don't want to keep her on the payroll forever. Boyfriends long term plan is to keep business up and running for 12 more years before he sells at which time we would have to give her those proceeds??? The alimony thread kind of keyed me into realizing this is extremely rare and my boyfriend got a terrible deal. Anything we can do now??

Without her, according to him, he would never been able to start this business - so think of it this way- 78% of nothing is ZERO. And your boyfriend sounds like a class act.

He really does! Hope he's not naïve in thinking that everyone else is as kind and fair as he is...

[Anonymous]

Sounds like he is a decent person.
And she is/was business smart.

[Anonymous]

Wow, OP. She helped him launch the business. That's her equity, and she has elected to keep it invested instead of cashing out.

Given your point of view, I assume the prenup states that if you leave the marriage, you take nothing but the clothes on your back.

[Anonymous]

Anonymous wrote:Wow, OP. She helped him launch the business. That's her equity, and she has elected to keep it invested instead of cashing out.

Given your point of view, I assume the prenup states that if you leave the marriage, you take nothing but the clothes on your back.

OK Op here and I need to clear something up. All she did was go back to work so he could quite his corporate job to start the business. It was 100 percent his idea, his blood, sweat, and tears, and she doesn't have an ounce of experience in the field. She truly knows nothing about the business. She just did her part as a martial team and had to be the breadwinner for 3-4 years. In my opinion ANYONE should be willing to work and not get rewarded for life for it. Its not like she had the knowledge or the idea behind the business. I think thats an important point of clarification.

[Anonymous]

You sound like a selfish, ignorant cow and I hope you don't marry this poor guy.

[Anonymous]

Anonymous wrote:This is part of his history and part of the deal. He seems to be fine with this arrangement and, in fact, indicates that his XW earned this ownership interest.

Your choice is to take it or leave it. You are in no position to dictate or change the terms of this financial arrangement.

+1

Accept it or walk away. Those are your choices.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wow, OP. She helped him launch the business. That's her equity, and she has elected to keep it invested instead of cashing out.

Given your point of view, I assume the prenup states that if you leave the marriage, you take nothing but the clothes on your back.

OK Op here and I need to clear something up. All she did was go back to work so he could quite his corporate job to start the business. It was 100 percent his idea, his blood, sweat, and tears, and she doesn't have an ounce of experience in the field. She truly knows nothing about the business. She just did her part as a martial team and had to be the breadwinner for 3-4 years. In my opinion ANYONE should be willing to work and not get rewarded for life for it. Its not like she had the knowledge or the idea behind the business. I think thats an important point of clarification.

Are you really this clueless? This must be fake.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wow, OP. She helped him launch the business. That's her equity, and she has elected to keep it invested instead of cashing out.

Given your point of view, I assume the prenup states that if you leave the marriage, you take nothing but the clothes on your back.

OK Op here and I need to clear something up. All she did was go back to work so he could quite his corporate job to start the business. It was 100 percent his idea, his blood, sweat, and tears, and she doesn't have an ounce of experience in the field. She truly knows nothing about the business. She just did her part as a martial team and had to be the breadwinner for 3-4 years. In my opinion ANYONE should be willing to work and not get rewarded for life for it. Its not like she had the knowledge or the idea behind the business. I think thats an important point of clarification.

OP, you are an I.D.I.O.T. Do you know what investors are? I know what a gold digger is.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wow, OP. She helped him launch the business. That's her equity, and she has elected to keep it invested instead of cashing out.

Given your point of view, I assume the prenup states that if you leave the marriage, you take nothing but the clothes on your back.

OK Op here and I need to clear something up. All she did was go back to work so he could quite his corporate job to start the business. It was 100 percent his idea, his blood, sweat, and tears, and she doesn't have an ounce of experience in the field. She truly knows nothing about the business. She just did her part as a martial team and had to be the breadwinner for 3-4 years. In my opinion ANYONE should be willing to work and not get rewarded for life for it. Its not like she had the knowledge or the idea behind the business. I think thats an important point of clarification.

It doesn't matter what your opinion is. This is the deal they made.

Take it or leave it (and him).

[Anonymous]

I hope for the sake of his kids he figures out what really makes you tick, OP, so that he doesn't make a huge mistake. I just KNOW you'll be the evil, jealous stepmother.

[Anonymous]

Anonymous wrote:

OK Op here and I need to clear something up. All she did was go back to work so he could quite his corporate job to start the business. It was 100 percent his idea, his blood, sweat, and tears, and she doesn't have an ounce of experience in the field. She truly knows nothing about the business. She just did her part as a martial team and had to be the breadwinner for 3-4 years. In my opinion ANYONE should be willing to work and not get rewarded for life for it. Its not like she had the knowledge or the idea behind the business. I think thats an important point of clarification.

Using that same argument, you didn't have anything to do with starting the business and are not needed to insure continued success, so that means you should pay your own way for everything and you should never receive any benefit, even in marriage, from your husband having the business.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

OK Op here and I need to clear something up. All she did was go back to work so he could quite his corporate job to start the business. It was 100 percent his idea, his blood, sweat, and tears, and she doesn't have an ounce of experience in the field. She truly knows nothing about the business. She just did her part as a martial team and had to be the breadwinner for 3-4 years. In my opinion ANYONE should be willing to work and not get rewarded for life for it. Its not like she had the knowledge or the idea behind the business. I think thats an important point of clarification.

Using that same argument, you didn't have anything to do with starting the business and are not needed to insure continued success, so that means you should pay your own way for everything and you should never receive any benefit, even in marriage, from your husband having the business.

Bravo, PP.