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Totally depends on which state you're getting married in. You need to read up on everything you can in your state, and if there's still questions consult w/ an attorney. Every state figures this differently, especially regarding assets, community property, and who would automatically be awarded ownership of things.
The last thing anyone wants is to have their will end up in probate if they kick the bucket (or when the kick the bucket I should say), or if there's a divorce and you don't understand how that works in your state.
You need to see an attorney before considering marriage. No one here can you adequate advice.
If you marry, at a minimum you should have a solid pre-nup and a strong will/trust/beneficiary plan with your intents clearly spelled out. Based upon the information you gave, there are other considerations too, especially your house and the one he owns with his ex.
Make sure you know what will happen if you marry and then predecease him. Your assets could pass to him, then if he dies soon after they could pass to his children, including the two who don't speak to you. Or if he remarries again and then dies, your assets could go to wife #3.
Quote:
Originally Posted by Harpaint
The fact that two of his kids don't speak to you should be enough of a warning that there will be problems with a marriage. Elder care and inheritance issues especially come to mind.
I agree with the others. See an attorney, ASAP.
IMHO, there can be enormous, enormous problems with late in life marriages. I have personally seen two HUGE, HUGE disasters. While both cases were somewhat complicated, the children of the first person to die got royally screwed, even with attorney written pre-nups and wills in place. The children of the second person to die inherited everything.
Last edited by germaine2626; 07-23-2016 at 10:54 AM..
Definitely see an attorney, tax adviser etc. First, have a sit down with your partner and discuss all the ways you both want yourselves and your children to be covered.
IMO cohabiting is like renting, marriage is like buying. In general, people tend to take better care of things they buy. Also, if your first instinct is to want to be married, and you don't do that, it may eat away at you and erode your happiness or the relationship. Certainly, there will be an economic cost to a failed relationship.
While your situation has some complexities, the fact that you are both already financially independent imo makes it easier to deal with than a situation where one person brings very little to the table financially.
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