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Relationship Discussion (non-explicit)
Reply to "When do you tell a potential partner about trust funds or family money?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Like after the wedding, honestly. Don’t marry someone who wants you for your trust fund.[/quote] That’s not possible if prenups are required. [/quote] I don't think a prenup is required is it's an actual trust fund. It's pre-marital, unless you yourself combine finances or pledge to combine in prenup.[/quote] Depends entirely how disbursements are handled. But also…if you’re planning to live a separate financial life from your spouse they deserve to know that before agreeing to marry you. You’re assuming a disparate amount of risk. [/quote] [b]I agree with this 100%. Concealing something this important about your financial status would be really, really deceptive[/b]. A prenup is actually needed for the “poorer” partner so they can be protected if they make individual financial decisions based on the spouse’s trust. Eg - the spouse says “you can stay home or work part-time - my trust will buy the house.” Then you could be left with no career, no assets if anything happens. Another example - spouse wants to buy a house and you want it to be titled jointly and to contribute. But spouse insists on a much nicer house than you can afford and will pay their part out of their trust. Then what? Title it as a joint asset or will your spouse insist on owning a bigger share or that you pay more than you can afford? Or once you have that giant house, do you split the giant heating, landscaping, and maintenance bills 50-50?[/quote] this. [/quote]
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