I remember how many people were upset on Tori’s behalf when her father didn’t leave her anything/much in his will and viewed her mom as being greedy.
If, in fact, Candy Spelling is paying for her grown-ass daughter’s house and food and kid’s school, then I don’t feel bad for tori.
Candy Spelling
We are the same. It would just be too much more to manage, to have our account and then mine and his. Plus we never have much expendable income left over anyways. Usually we just communicate about stuff. Like if I need a new pair of boots, or clothes, we talk about and give each other the ok. So yes, in a sense I ask…
That’s not what I’m saying at all. Marital property is marital property and if you don’t know the laws, draining your account before you run could get you in trouble in your divorce. Consulting a lawyer is always a good step if you want to avoid trouble in this kind of thing.
You can’t actually do anything about kids in a prenup, so that doesn’t matter at all. Prenups are all financial.
I got the “walking around money,” but had never heard of the “run away money.” That’s very good. My Mom did make sure, though, that when I left for college, I had $300 for an abortion, and she told me never to spend it on anything else. Never did. I hear the price has gone up to around $475 right now, but the…
No worries on the thatguying. Your replies have been insightful and true. On point 1, you are right. I was only referring to pre-existing kids. I’d be surprised to see a judge throw out an agreement establishing custody in favor of the biological parent.
I should have restated my caveat that entering the marriage with children changes the decision. Agreeing to how parental rights will work and protecting existing children’s inheritance rights are perfectly legit reasons to do a prenup.
But in your first example, how is the prenup going to help? Unless the wealthier…
Yeah. A prenup is just not good advice for 99% of the people reading this site. A prenup is only ever going to be in your favor if you are substantially more asset rich entering the marriage than your spouse. And then you are still making the decision to tell your spouse that they will get less than they would…
I totally agree with you, even though in my house he earns all the money and I manage all the money. So he always asks before making a large purchase. And I do not, because I know whether I can afford to go on a fabric-store binge this month or not.
If he dies, I really rake in the dough. Ha. He has some disability insurance through work too (because of nature of his job). I get insanely cranky with people who are all “not working is bad because you are financially fucking yourself over”. I wouldn’t do it without a plan.
Even if you have money in separate checking accounts, it can be considered joint property in a divorce. Just an FYI. If you’re planning on leaving your spouse, consult an attorney before draining any money from any place to do so, lest you want a wooooooorld of fucking hurt from the court.
My grandfather always advised us to have “Walking Around Money” and “Running Away Money” and to make damn sure we kept the piles separate.
so.... a savings account. this is a personal savings account, that every financial adviser under the sun has been telling people to do since always. yeesh.
Don’t patronize me. It has to be possible to discuss the merits of maintaining separate finances in a marriage without dismissing a different choice as suicidal stupidity.
Gosh, that’s all well and good. It’s also about as useful as a self-congratulating Ted Talk.
This is excellent advice, that I try to live by.