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Reply to "Man marrying into a rich family"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]So really it isn't as good of a deal as it may seem to others. Because you ultimately don't really have access to the family money (absent a deal for milestones). And for a man, is it unlikely to have the milestone type agreements? I imagine the daughter would want to continue the lifestyle she is used to, so the family would help with houses etc. But then is the house still in the family's name, etc? So the husband can "enjoy" the lifestyle - but like he's renting it and not ever having true access to it (although his children would)? Also seems strange that your children would have insane amounts of money but their father is, in effect, a normal salary person. [/quote] Houses can be put into trusts. It doesn’t have to be salacious. There are lots of people who do not make tons of money in regular jobs or who do “this and that” on their own who live in big houses and have lifestyles that don’t match their HHI. Wives can out earn their husbands and it doesn’t have to be a scandal. People from different socioeconomic classes can get married and it doesn’t have to be a scandal or purely transactional. [/quote] Nope. However, when one side is wealthy, they tend to want to protect that wealth. And that means ensuring it stays in the family. So that means someone "marrying in" does not get full access to the money and will not get much in a divorce. It means if the Wealthy spouse dies, the famiily will continue to support the other spouse and the kids, but the "other spouse" won't get actual access to the funds, they won't be able to use those funds to take care of a future spouse and future kids. The family millions will stay with the family/kids/grandkids. It's only smart to want to do that, if you are worth $15-20M+, you don't want someone marrying your kid, staying around for 5 years then divorcing to get $$$$ (beyond taking care of the kids). [/quote]
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