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Reply to "Prenup Situation - how to move forward?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You definitely need a lawyer. Maybe look at total assets so as you earn more each year and her trust builds you remain financial equals in the marriage. Maybe she pulls out of the trust the equivalent of your salary. No matter what you do your high six figure to seven figure salary will be a marital asset so you will have 99% of the family income and HHI. Her money is all locked away and won't be considered family assets - yours isn't. You need a lawyer to help you figure out how to remain financial equals in the marriage. [/quote] "Maybe she pulls out of the trust the equivalent of your salary." You clearly know nothing about trusts. First of all, she might not even be the trustee. There might be a corporate trustee who has to follow the rules of the trust. And the rules of the trust are unlikely to allow her to pull high six figures out. Most trusts require you to consider other assets - meaning his salary.[/quote] It would be better for OP to marry someone who does not have a trust fund and who has similar earning potential and work ethic. They could build their own wealth together. The current situation seems to involve a control and power imbalance, which is unfair. His spouse’s trust disincentivizes her to work hard and contribute to the marital pot because we she has enough in her own pot that he’ll never get. Just don’t make the same mistake I did by marrying someone whose parents are financially irresponsible and end up taking all your money. It's even worse than dealing with wealthy, controlling in-laws. At least they don't take. [/quote] OP consult some good trust and estates attorney before you jump to the above conclusion. Depending on the trust, some of the issues here can be mitigated. [/quote]
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