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Reply to "set aside money for parents without telling your wife to be."
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[quote=Anonymous][quote=Anonymous][quote=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. [/quote] It’s not a lot of money it’s less than 5 years of decent, full time care. [/quote] 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. [/quote]
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