Reply to Getting married in our 40s. How should we combine finances?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Joint everything unless you have kids already[/quote]

This. I have one minor child from a prior marriage. DH has an adult son who still files FAFSA. We are married several years now and only have joint checking for household expenses.[/quote]

I am dating someone with teenage kids and I’m trying to figure out how me marrying him
Might affect the ability of his kids to get financial aid. Could you shed any light on that?[/quote]

DON’T!!!  Until there are other pressing needs for you to get married.  Otherwise, most private schools will count your income as available for college payments, whether you want it or not.   If his ex remarried, all four people will have to report their income.[/quote]

If he is not the custodial parent, its not a big deal however, mom could get mad and come after you for child support.  My husband's ex tried that and as soon as we were married filed for an increase.  They never asked for his income for college.
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