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Reply to "Protecting money you gift adult kids for a house"
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[quote=Anonymous][quote=Anonymous]Slightly different perspective here: my DH comes from a wealthy family, had significant personal assets from his own earnings, knew I had no assets and student loan debt, and did not ask me for a prenup. His parents have given him over $400K during our marriage for various significant expenses (down payment, new cars), and we have no prenup. I also got a reasonably valuable engagement family engagement ring and some other family jewelry (his family). Not expecting to get divorced (although only married 3 yrs, together 8), but if we did divorce, I would not try to claim any of the assets DH brought into the marriage or gifts from his parents given to us during the marriage or the jewelry, because it would not be ethically right to claim them. We have children, but I make a good income (although much less than my DH), I didn't marry him for his money, and I can support myself and our kids. Granted, I couldn't afford to have us live like we do now, but we would be fine. I don't understand people trying to get money that isn't meant for them when they get divorced. [/quote] Well, these situations can get complicated. Suppose the wife didn't work or didn't save to her 401k because she trusted that she would stay married and have access to those assets, and also to take care of the kids. Then her DH leaves her and the children in a scurrilous way. In that situation, getting some of the DH's pre-marriage assets would not be unethical. Another scenario could be in a divorce where he has claim to half of YOUR meager assets (like your retirement savings, which are marital assets if you saved during marriage). So he takes you to the cleaners, and meanwhile he's living high on the hog off of his prenup assets. As you can see, these scenarios is why prenups generally hurt women, rather than help. [/quote]
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