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Money and Finances
Reply to "set aside money for parents without telling your wife to be."
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[quote=Anonymous]The question is, do you have a duty to share information about your separate property with your spouse (or in OP's case, soon-to-be spouse)? I'm guessing OP's $1 million is most of OP's net worth, so OP is protecting premarital assets, which is normal for someone who has amassed that much money. Does OP have a duty to tell his intended about money that he is keeping separate if he can do it legally and before the marriage without needing or signoff? Maybe not, but she'll figure it out if they file taxes together, so it's not a secret that can be kept forever. I've found that getting in front of sensitive or complex topics is better in almost all cases. OP doesn't need to ask her permission, but I think OP would feel better if he explained himself. Also, OP, you may not want to put the money in an irrevocable trust; you might find that your priorities change if you have kids. [/quote]
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