Reply to Advice for DC who will be asked to sign a prenup

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If they will live in a house bought by the trust and owned only by one partner it means your child is foregoing one of the key ways to build wealth. Ditto for vacation homes or other investment. Similar situation if trust funder decides not to work or work a low paying part time hobby job, little joint wealth accumulation.

Your child should think of this as marrying someone who may bring very little to the joint pot. [/quote]

+1 ding ding ding

I even read a story in here about soon-to-be XW who was going to owe her layabout trust fund husband alimony because he would not work and would not use a dime of his trust fund on their joint lives.

I’m not against prenupts, but you should have your eyes wide open about every aspect of how this kind of situation can turn out. [/quote]

I also know two people in this situation where they are divorcing someone very wealthy, will leave with nothing, and need to pay alimony because the ex doesn't (need to) work. Your child needs to think seriously about worst case scenarios. What if they settle in an expensive area and have a disabled child or is disabled themselves? I'm not interested in taking my spouses family business or fortune, but if I'm with someone for decades who has great wealth, I want to know that my kids and I will be able to maintain a reasonable lifestyle. I know too many cases of wealthy spouses who deny their soon to be ex access to funds, get the hotshot lawyer, and get what they want by threatening to go for sole custody.[/quote]

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