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Relationship Discussion (non-explicit)
Reply to "Fiancé and future ILs want prenup"
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[quote=Anonymous]I have been with my fiancé for seven years. We both have well paying jobs and are overall very happy. Our wedding is next summer. Over dinner with my future ILs, the three of them brought up signing a prenup. Fiancé and I have roughly the same amount saved for retirement and no debt (including a mortgage, we rent an apartment), but his parents have gifted fiancé and his brother two rental properties that they purchased in DC. These are strictly investment properties and none of us would ever live in them (not convenient to anyone’s work, not our type of neighborhood, etc). The prenup would only address the rental properties, stating that in the event of divorce I would have no right to either of them. I am perfectly fine with this in principle; his parents put up a good bit of money to buy them as an investment for their two sons and would like them to remain within their family. My issue, however, is that the properties’ rental margins are very thin. The rent just barely covers the mortgage each month, and when repairs are required, that money has been coming out of the pockets of fiancé and his brother (their parents are completely hands off financially now that the properties have been purchased. After fiancé and I get married, therefore, I would be on the hook for contributing to any and all repairs for these properties. When I brought this up during the conversation, I proposed that the properties remain within their family but that any repairs that came out of our pockets would be tracked and given back to me at 50% of the repair cost, in the event that the marriage not work out. Fiancé was supportive of this idea but his parents were adamantly opposed to it, saying it would create too much trouble to account for every receipt form the hardware store and would create too much trouble where the brother’s stake is concerned. I’m not sure what to do. We left the dinner in a pretty uncomfortable place and I just said that fiancé and I had some things to discuss in private. He doesn’t seem to think they are going to come around, and that I should just agree and sign since we have a solid relationship and nothing is going to happen. But I’m also very troubled about potentially contributing many thousands of dollars over the years toward some properties I would have zero stake in. This doesn’t seem equitable in the least. If the properties were making the family some extra money every month that would go into an account owner and controlled by their family, and used for repairs, I’d be perfectly fine with that. But I feel like I’m being taken for a ride here. Any advice here? I don’t love the idea of hiring my own lawyer but seems like this will have to take place. But is it even worth it if they just won’t change their minds? [/quote]
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