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Reply to "Prenup Situation - how to move forward?"
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[quote=Anonymous][quote=Anonymous]Mid 30s male is engaged to early 30s female. She is a from a very well to do family and will be anticipating a high eight figure to low nine figure inheritance. She already has a substantial amount in a trust. Her personal income is in the high five figures. He will be completing his medical fellowship next year and will be make in the high six figures to start and will likely make low seven figures once he becomes a shareholder at the practice he is joining in two years. Her family has proposed a prenup which shelters any premarital/trust assets that she has while his income would be considered marital/community property. He is concerned over this for several reasons as they met after he had already graduated from medical school so she was not a significant support during this time. He is also concerned that he may end up paying alimony to a far wealthier ex-wife in the event of divorce. Furthermore, he is concerned he will be expected to fund an expensive lifestyle with his income while her trust is untouched - thus limiting his ability to save. What is a fair way to structure a prenup in these circumstance to respect his hard work and long term financial security while doing the same for her family wealth?[/quote] So let's get this straight. A man who just got out of med school would like to marry a woman who is earning "high five figures." So, counting my fingers, that amounts to less than $99,999 per annum. However, wild card, she will likely inherit close to $100,000,000. And he is concerned about having to pay her alimony in case they divorce. Because he is sure he is going to earn "seven figures" two years out of med school. Oh, this is sure to be a wonderful marriage. Sounds like true love. It's reasonable for super wealthy families to protect themselves from predators and their heirs making dumb choices. The fact that you are worried that the love of your life is going to garnish your doctor wages is just... bad. And you're not even married yet. Be honest. Are you marrying her because of her inheritance? Because you sound exactly like the kind of man that needs an ironclad pre-nup. [/quote]
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