My Fiancé Wants Me To Sign A Prenup
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Another option that Dave doesn't mention is, she can sign a life estate. She gets to live there for the remaining of her life, but the property goes to the kids when she pass.
My thoughts exactly
This option sounds pretty good to me, I believe the kids are not living in that house with them and they are living somewhere else, as soon as the wife passes away then the house goes to the kids.
Good compromise.
Life estate? Make sure it's a good one. Make sure she doesn't lose her rights to live there, because she spent 30 days in the hospital.
That sounds like a good idea at first but it seems like there could be a lot of loopholes and ways for the kids to mistreat the wife obviously there's no way for us to know if that would happen but doesn't mean the kids will like her and respect her as the years go on especially after he passes away
People who say people shouldn't get married if they ask for a prenuptial agreement have nothing to lose. If you have built an empire by yourself, love is not worth losing half of everything. Some people have motives that you will never see until it happens, and it's too late. Always protect your assets.
Just look at what happened to people like Robin Williams or Branden Fraser. It's heartbreaking.
Often times more than half. I really dont understand why people get married anymore. Too much to risk for 17.5% chance of happiness.
Always, always protect yourself and your assets first. The wisest comment I've read so far! Male or female.
This is very very very very true. You never fully know people's intentions down the road. Be careful.
You don’t understand the biblical definition of love then. Therefore you’re wrong. 🤷🏽♂️
After one divorce, any man who does not get a pre-nup is a fool.
Any man who gets married in the West is a fool.
@@FaintAura What do you mean? Most women appreciate their man, are loyal and will stick with you unil you die? LOOOL...
Women should definitely do this too. So many women are making bank and not thinking about these things smh
@@Ernster86 Most? More than 50% . Doubt the veracity of that.
Any man or woman*
My experience: my fathers (deceased) wife took EVERYTHING. Left me, the only descendant, absolutely nothing. Don't take chances. My story is not unique.
That’s happened to my dad’s lady friend. Father’s new wife took everything, leaving his children nothing. If you die first, there’s a good possibility your children will be disinherited.
Happened to my grandparents, home ended up going to unrelated people and nothing went to the kids
Yep happened to a good friend of mine, dad set up funds so they could buy a house and for college funds with a few hundred thousands each, he’s still alive but she made him spend it on holidays for her and wiped them all clean!
Why were you entitled to anything? She should have got everything
@@DavidRamseyIII most parents want their kids to get something, parents don’t put money extra money away for the after life, often it’s to help family to move forward and build their lives after the death. Most step parents marry and also care for the children (in childhood and adulthood) in this case, usually that also means the step parent would help if they are able too. Nobody is entitled to anybodies money, but that is usually how it goes, it’s easier with biological parents staying together, as many step parents only play a parenting roll until their partner dies, which is disgusting in itself, I would be so hurt if my step mother did that to me.
My Dad gave my stepmother the house (she had no children) thinking that upon her passing, it would go back to us, but to our surprise (despite a good relationship) she left the house to her sister!
That's a good one 😂
"Understandings" need to be spelled out in legal documents. Promises and memories can get fuzzy with time.
Of course. Our's promised us (when everyone was shocked after 2 years together she got the house) the attached farmland to the house she got. That lasted less than 18 months and she sold it. She decided she deserved it. Never worked again after 40.
What an idiot
Always protect your children. She has no right to the property. If she wants a property than they need to buy one on their income together.
💯 Without the house he didn’t buy, and with only what they can purchase together, he may become less attractive as a spouse. 😆
They’re adults
Exactly!
@@genxx2724 _"💯 Without the house he didn’t buy, and with only what they can purchase together, he may become less attractive as a spouse. 😆"_
If that's the case, then the front door leading her to her car in the driveway should be the sexiest thing in the room to a man with a brain.
She doesn’t say if she has kids, but why not let her live in the house for her lifetime? Then when she passes, the property can go to the kids.
Yes -- a life estate would allow for her to live there.
Prenup. Chances of divorce are too high and the inheritance should stay with the family.
I love Dave’s idea: get a new house for them, do a prenup for the old house and let his kids deal with it when they are grown up. Please stop bringing past relationship’s pain to the new ones 😩😩😩😩
That is playing games. Defeats the whole point of the prenup. I wouldn't be surprised if he calls BS.
I like this idea too. But can't he just make a will and give them that house in it. Is the prenup necessary if its just the house.
@@patriciabradford1304 A Will requires Probate,
best to title the house so it just changes ownership.
The house is Titled Unmarried man, sole and separate property (got from parents)
$175 change the Title to a Beneficiary Title
(Transfer upon death).
Do you think they have money to pay property tax, insurance, heating for two homes? Dave failed big time on this one.
@@patriciabradford1304 i think she said she didn’t want the Will part because then she would have spent her money in a house that in the long run would belong to his kids and not partially to her.
"Life Estate"
The kids will get the house, the wife has the house until her death.
YUP!!! My solution as well.
WITH life insurance, in case she needs ot move into another home, or eventually assisted care.
@@Matthias_Fischer that is what a "life estate deed" is.
Yes! A beneficiary or TOD deed to the kids, life estate with limited powers to the wife
I agree with giving the wife a life estate. Simple and inexpensive.
I have seen this with very valuable farms. A widow and a widower in their 70s decide to marry, one side is poor and the other side is very wealthy. Suddenly, because of an elderly marriage, family farms are broken up. It creates huge, huge amounts of resentment and distress. Because of the previous marriages, a prenup should be signed and the house should go to the kids. It's nobody's fault, but making clean lines in messy situations and alleviates a lot of resentment in the long run.
in your scenario, give the property to the children and start your new life in a new home. Personally, I would never sign - or ask someone else - to sign a prenup. You either trust, or you don't.
This happens with big and small estates.
@@joycejudd5109 I say prenups are only needed in situations with kids from previous marriages. That is a different situation that marrying the first time. First marriages I think are never needed.
You should not have another wife if you can’t love your children more, of course they matter more that women can come and go wherever she wants your kids can’t.
@@joycejudd5109 If your suggestion is "give the property to the kids today," then you have never been burdened with the task of preserving wealth and have a poor understanding of taxes and estate planning.
That happened to my very elderly aunt, step kids kicked her out as soon as the husband died to sell the house, she had nothing. A very bad situation.
Easy answer. Don't get remarried. This has disaster written all over it.
This is exactly what the Bible teaches, but no one listens.
I got married - only way out is in a box. Would never get remarried, had a bad experience once
Right, sounds like a hot mess!🔥🔥
@@John3.36 yep no wiggle room around that one.
@@John3.36 oh forgot to add, neither does the Word give any slack concerning s3x outside of marriage between one man and one woman. Any wonder the heathen rage.
Why get married at this point? He is a fool.
SSA survivor benefits,
Retirement medical
ease of asset distribution upon death
@@aolvaar8792 in other words, all benefits for the woman.
@@anthonywebster8638
????? No
She could be the one with the governmental job that pays retirement family healthcare,
He might not have SSA or lower, self-employed and not making contribution.
Asset distribution goes both ways.
More like she is the fool to marry him.
@@clarifyingquestions House rent is $3K/mo in my hood.
"Free rent"
The will can be set up so that once he dies, she can live in the house for the rest of her life. When she dies, the house goes to the kids, back to his family.
Then the kids can pay property taxes on it.
That may be many decades. They could be old before they receive their family home.
@@COINsimp2024 Property taxes & paying for ALL maintenance & replacement of ALL appliances, furnace, ac, roof, etc etc etc.
@J Mark Evans This is the way.
Actually according to the law, the wife has to pay property taxes, and for utilities and bills while she lives there.
I could see if it was your second property. I agree with Dave-rent, sell, or give it to the children now.
Me too. If it is a second property, yes. As it stands, no.
🤦🏽♂️. She seems like she is looking for the come up he needs to🏃🏾🏃🏾.
Answer is simple. Property goes into a trust, the trust allows her to remain in the property and have control of the property but not sell it as long as she is alive if her husband passes on before her, but reverts to his children once she dies.
This is literally the type of situation that trusts were made for. The whole “fortress” protecting your asserts from liability scenario you hear about with the Uber wealthy is just a byproduct of their existence not what they were invented for.
She's only 45 years old for f'n sake. The guy wants the kids to have the house and Papa Dave gave the answer.
This is a very good approach. Because my Dad oversaw this detail, when my stepmother passed, the family home & business went to her sister! We were all shocked.
@@sk.n.9302 That’s the worst. Overlooked, not oversaw. Overseeing means supervising. What was the detail that wasn’t handled properly?
@@genxx2724 Sorry, I grew up having to speak three languages & sometimes things get garbled. My Dad should have added a “clause” in his Will stating stepmom has the “use” the house & a generous monthly income, but when she would pass, it would all revert back to the family. This clause was ommitted, and her sister got everything. Apparently, this happens often.
@@sk.n.9302 I’m sorry that happened. Why don’t people THINK??? Why didn’t his attorney discuss his intentions and draft the document accordingly?
So glad to hear this. I'm in a similar situation although not married yet. My girlfriend and I are in our 50s and 60s. I inherited a house and I'd like to leave it to my kids as it is most of the wealth they might get from me. But you're right what does my future wife do if I die and she needs a place to live what does she do all this time having no ownership in the house? Good question! I have a lot to think about. Separate house for us sounds like the way to go.
Place the house in a Trust.
when she dies the trustee can dispose of the trust. Simple
Leave it to your wife. Let the kids take care of themselves, they are adults now.
@@John3.36 You inherit a multi-million $ house,
And put a beneficiary deed on it for the wife.
Can you say Target.
@@aolvaar8792 Target
Put it in the will that she can live their until she passes, if you pass first.she can't sell the place, but gets to stay their the same way she always would. It a simple solution
He should give the house to the kids now and move on with his life with his wife.
Yeah bro, just up a HOUSE like its not worth anything (especially in 2022)
Yup
If he gives up all his assets then the woman will disappear instantly. She's just marrying his property but he's too dum.b to know it
@@obiflex exactly.
@@obiflex actually he isn't hence the prenup
I am not a millionaire, but I have a pre nup because the inheritance of my father left us belongs to our family not to our significant other, is very clear between us, what ever we built together is together and we can decided what to do with it. So i do not disagree with a pre nup.
You don't see many questions on this channel that really stump Dave. This was a GREAT question!
_"Dear Dave, my future ex-husband has been burned in the past and now he's all jumpy, wary, and cautious, therefore making the process of my acquisition of his assets substantially harder than it needs to be. Please advise."_
Always do the prenup. Iron out custody arrangements and how to split assets before a divorce. That way lawyers don’t get any money. In a regular divorce, the man gets a third (or less), the woman gets a third, and the lawyers get a third. They pit you against each other to try to keep the case going so that they make more on fees.
They can still go to court even with a prenup you can dispute prenups if they were signed a long time ago and just say I dont feel the same way.
@@MultiMates7 They can, but any lawyer worth his salt can defend a prenup. Especially if it is fair.
How is the house Titled, Unmarried man. sole and separate property
This is so sad that it’s something you would have to consider before marrying somebody. Doesn’t seem like you should be getting married in the first place
@@wbae1340 You can stick your head in the sand and decline consider it all you want because you’re too pious for that. The fact remains, that’s what happens.
The gentleman just has to outlive her, problem solved.😂
Yea why is she assuming she won’t die before him?
Statistically women live longer and he's 10 years older.
There is a setup where she is allowed to live in the home for the duration of her life. She has to maintain the house and pay the taxes. But when she passes, or if she remarries, the house becomes the property of the children.
That's a good idea! I also thought about what if stepmom and dad have a child but I suppose they can just create an account so that the new baby would get money or stocks instead of the property.
Life estate. My thoughts exactly.
@@sharalli3112 Thank you. I forgot the legal terminology.
Life estate. That was my first thought. But if the kids have a sentimental attachment to the house, one of them might want to live in it and raise their children there, and not have to wait until she’s gone. Giving her a life estate defeats the purpose of keeping the house in the family. That’s why I suggested Ed Slott’s idea of life insurance for her. If he dies, she moves out and uses the insurance to get another place and supplement Social Security.
Life estate also allows her to rent it out. I don’t think that’s the intention here.
Statistically women leave relationships more so, I don’t blame him at all.
I think men instigate it.
@@genxx2724 what you think is different from the statistics.
Nice solution by Dave. I was thinking they needed a 2nd home, but renting out his house and then buying a home together fixes that.
Leave the property to her without the ability to sell and it goes to his kids upon her death. She said she understood his view. This solves both issues. She lives in the house until she dies or chooses to leave. Then the kids get it.
Nope!
Agreed.
I really like Dave's answer to this awkward situation
A prenup is the smart move but .. most frown upon it lol 😂
"Women frown upon it"
There, fixed it for you
@@perotal wrong.
@@fluffyduffyasmr3861 No most of the time it's women.
There's absolutely no benefit for him to get married at that age.
There is absolutely no benefit to marriage at all. For anyone.
Yes there is
@@jrwntctv8091 yes and to not be living together than or be in an intimate physical relationship if no marriage. Pre- nups and wills protect people.
I walked through the exact situation. It causes RESENTMENT. Do not sign this. It will never be your home…
Only my kids will reap the rewards from my hard work. I've met too many people who are not serious about saving money or being debt free like I have. It seems fair to me that you have the right to pass what is yours, through hard work and/or inheritance, to your own kids. Expect a lot of drama otherwise. If the other person doesn't understand that, they can move on.
Good luck finding a partner desperate enough to put up with that insane line of thinking
So, nothing for the new wife, even if she contributes to the upgrade of the property?
Having someone give you something for nothing is not a great idea
@@daffydlwellen1270 then she doesn't need to contribute.
@@davidleavitt3804 I’d agree with that. She contributes nothing to the house, and leaves when he dies. That’s not much of a way to live, though.
I wish most men can reason like this. Dave is setting men up for failure, he can't tell this to women, they won't even let him finish the sentence
She's going to live there for free until her husband dies. That might give her 40 years to save to buy anything she wants. What's the problem? If she doesn't want to live there, then get married and buy a house together like everyone else does.
She seems pretty sure that he's dying first. That right there seems like a red flag to me lol.
That's what I immediately concluded, as well. It's the entitlement here that is beyond absurd.
@@Draega007 she's doing inventory of it all before the marriage, scary.
@@marshall2.015 yea it seems highly suspicious that she's already planning a life without her future husband. Kinda scary to be honest. I mean I know we can go at anytime but to be planning before the marriage has even happened is a little wild to me.
The problem is you're blind and aren't seeing the bigger picture lol
Here's the solution: DO NOT GET MARRIED!!!
Yes!
🤣😂
Yeah. I have a girlfriend with her own wealth and I have mine.
Not getting married.
No issues.
This woman apparently has nothing of her own and want security at all costs being over 45.
People aren't going to stop getting married.
Best solution of all keeps everyone non best behavior.
Agree that if SHE outlives him, she has to leave the property to the kids? I wouldn't sign something that kicks me out of my home if my spouse dies.
Prenuptial agreements are for divorce not death.
I agree with Dave. Buy another home that can be theirs and, ultimately hers. Rent out the house he wants to go to the kids.
Tenants won’t take good care of it. The house the kids receive will bear no resemblance to the house they grew up in. Every sentimental detail will be destroyed..
Yeah that way she can pay half on the mortgage, insurance, taxes, upgrades etc etc.
Just have the house go to the kids when she dies. She gets to stay in the house and the house still stays in the family.
This is a terrible suggestion
Who pays the property taxes in this arrangement? Who covers the cost of future repairs? The person who squats there with no future equity in the home or the person who owns it but can’t use it?
Imagine inheriting a house that someone else lives in and you may never have access to use or sell. He is in his 50’s and she is in her 40’s so it’s not unreasonable the children are in their 30’s. She may outlive the children
I think she needs to be up and out of that house upon her husband’s death. Why make the kids wait around for, possibly, decades after he’s gone?
And I assume they pay the property taxes and any upkeep then?
@@karimbennett5651 💯
My parents have had to sign a prenup, my grandmother insisted. It came in handy when my father had to declare bankruptcy but the business was in my mothers name. They are married this year 50 years.
I’m going to push back here: if she loves him, he should understand why he wants to leave the house that is in his name to his children. Ideally, this woman will also come to love his children as well and understand his desire to help them.
I think some sort of equity share makes the most sense. If she puts in a lot of money along with her husband to improve the value of the house, she should get something out of it when/if this husband dies before her. Essentially the kids can keep the property but buy her out of her equity. Something like that is a fair compromise in my mind.
I have the same issue. My parents divorced, and my mother kept the house we grew up in and her new husband lives there and has also put a lot of money into improving the house. He has kids too. My brother and I’s general position is “that’s our house…”
But if I am being realistic, the increased value of that house has a lot to do with the money and work he has put into it. So why shouldn’t his kids get some benefit out of it too?
I have no idea what their plans in terms of willing away this house. I don’t ask and I don’t care. I care about my mom, not the house. If I get absolutely nothing, then I’ll still live my life just fine. But if his kids are entitled to part of the equity commensurate with what he’s put into it / the value the house has increased from those specific measures, while my brother and I retain the majority of it, then I really don’t have a problem with that. In an ideal world, my parents would have never split and this wouldn’t be an issue. The house would go to me and my brother and that’s the end of it. But we don’t live in an ideal world…
How does Dave know that the past caller who wanted a prenup for his classic car didn’t want to leave it for his kids? Making assumptions without the proper info. Feels like Dave and Co. take the women’s side as the default correct one, no matter what.
I also noticed this some time ago. He is good with basic money advice but no one should listen to his advice regarding relationships with women. Times have changed and he obviously did not get an update.
@@LubosMudrak Dave is a control freak. I'll bet, he is a peach to live with.
It's Dave's way or the highway. 😡
Dave should never advise men to get married in this day and age. No event will destroy a man's life more than modern marriage
Dave knows because he took the call and that was discussed. The guy wanted the prenup because he was afraid if his marriage ended in divorce that the wife would want the car. He loved the car so much he didn't want to lose it.
@@AllynHin no. The woman called in. We never heard the man’s side of the story.
As long as both parties have their own lawyers to look over the prenup agreement, there's nothing wrong with it.
Unless you plan on leaving sign it
Not true. If he dies before her, she will be made homeless. She could put in thousands of dollars into the house and it wouldn't matter. His kids could evict her and she would only have what she could grab before they changed the locks. It would be easy for them to claim all the furniture too. Too risky. I wouldn't sign it.
Of course, I have heard of prenups that allow the spouse to live out the rest of their days there. And only after the spouse's death will the kids get it. She's not made homeless. His kids get the house. Everyone wins.
In Agatha Christie's books, if the dad died, the stepmother would get to live there for the rest of her life, and upon her death, the kids would then inherit it. Don't know if that is a real-life thing though.
If he dies before her, he doesn't want her to remarry and have another man living there.
Don't understand how a widow could stand having the sort of man who doesn't have the motivation to own his own house. Guys like that, probably just as lame in the bedroom.
Yes. Always
A couple should be married for at least 10 years to be illegible for 50% rights, in case of a divorce.
A lot of prenups have those sorts of clauses.
Eligible
That’s loser behaviour
The question is, her being 45, is she not bringing anything in this union? Or does she only want security for her old age from this man? She should already own a house of her own...
How is that? In what state
I'd run as fast as I can
Why get married?
A prenup is better than nothing however they are thrown out all the time. If she doesn't sign they don't get married full stop.
If they want to stay: A trust! Indicating that if he passes the house goes to her for the remainder of her life ( life estate), and to his children upon her death.
Dave keeps saying it’s the crazy family that feels entitled to money when someone gets married but all I keep hearing about is finances who get upset about prenups when they’re presented with them..
They’re not even married yet and she’s already thinking about her inheritance from the guy’s wealth. See what’s going on there?
You have to sign before you get married so why wouldn’t she think about it
It sounds like he brought it up to her first, by saying this house that we’re going to live in is going to my kids; so if I die first sorry not sorry
This is easy to solve. On his death she is allowed to continue to live there until she passes or remarries.
So she moves a guy in and doesn’t marry him. His family and friends enjoy the house for decades while the kids drive by, fuming.
Good one Dave. The Past is arguing with the Future.
Why not just put the house in a trust with directions that she gets to keep it and live in it for the remainder of her life and then it goes to his kids once they're both gone? Takes care of her, the house, and the kids
When my dad died, we had to buy back my parents's property from my stepmother - property that was inherited from my mother's side of the family!
Sounds like they don't need to be married.
I wouldn't recommend getting married in this day and age until these old outdated laws are improved. Alot of marriages fail, that's just life. Everyone wants to believe they're the "forever couple" but you can't predict what the future holds. It's best to protect yourself.
How does she know he will pass first?
Wow! The simp squad actually thought this out for a change instead of the usual MAN, BAD!
Don't blame him, women should have their husbands sign prenups too.
"...to thee all worldy good I give..." is a great part of a marriage vow. Why marry someone you don't love above all others? Give the house to the kids before you get married and have a fresh home together. Do not marry someone who will not invest everything into the marriage. I personally would (if necessary) make a written agreement with my fiancee that the kids get the house after we BOTH pass on.
You would not be saying that if you have been on the other side of a divorce. It does not matter nowadays whether a woman is christian or not, they all act similar in divorce because the laws in family court heavily favor them without a valid prenup. Just doing a written agreement will not hold up in court and if he passed first, she could end up fighting with his kids over assets. And by gifting the house while he's alive, he screws himself over with gift tax to pay, no step up in cost basis on the house and higher tax bill for his kids if it later gets sold. Great idea dude!
Marriage vows are worthless and completely useless
@@obiflex Yeah they are only for feeling good at the ceremony. No marriage vows in family court
Firstly, the Property is NOT being managed correctly in this case. If he wants it to be solely an asset that he owns and that will be passed to his children then he CANNOT use marital income to maintain the house. Because half of the marital income (both hers and his) belongs to her. A Financial Planner is required to sort this out, backed by legal control.
Dude's going to lose his family farm, and his kids are going to resent him when this dried up roast beef divorces him.
So who is the wife a stranger .Don't marry him or buy your own house and rent it out to pay the mortgage.
If you're considering a prenup, don't get married. You're not ready yet.
Here’s the thing: if he doesn’t marry her in the first place, she gets nothing. So if her retirement is not in good standing right now, she’s just using him to have a comfortable retirement and something to lean on. His kids should, undoubtedly, get the house. She can save for her own retirement.
Good luck ever getting married and staying married with that attitude. Yikes. My condolences for whatever loser would marry you
I'm a new widow. Dave is spot on.
If the agreement is fair and reasonable the. Sign it if its unfair then dont sign it
Don’t get married just keep your assets and build yourself up. Marriage is a financial disaster waiting to happen. Its like knowing the Great Depression is going to happen and leaving your money in. Just don’t.
She walks in with nothing, and already wants half of his house.
My mom did this. The home my father built is not going to her new husband. My sister rents it and they got a new one.
Why get insurance on your new car? You’re already setting up your self for a car accident if you buy car insurance.
Good advice from dave today!
I'd end the relationship. Irreconcilable differences. Don't get married just to get divorced!
My Lawyer once told me that he had an aunt that married a gentleman (they were both 60 + years). His grown children were cold to her because they were upset that she would get everything of his if he passed away first. He did purchase a sizable Life Ins Policy on himself that would take care of his new wife and his children would get his assets on his passing. They all lived happily ever after. . . .
@@judye2805 That's a beautiful arrangement, this is the only option that I appreciate in these comments. I can rather do this but live together and not get married
Did Dave just say... this man wants to keep the house in the family so that means the wife can't have the house???!!!! Did Dave just say the wife is not family? I don't know the jests but the prenup can be tweaked.... to accommodate her very valid concerns.
Yeah that was really strange. Normally Dave is anti prenup except in the case of extreme wealth imbalance and even then he would typically not answer the question this way. Going into a marriage this way is pathetic behaviour
Poor advice. She can get a life estate in the property meaning she has right to occupy after his death and until hers but has no right to transfer, sell, encumber, or leave the property for anyone else. Her estate can also be credited for improvements to the property that were made during her lifetime/with her funds. Some states automatically make this legal assumption in these type of situations but it’s best to have a wills and estates attorney draft a will and prenuptial agreement.
I feel that if the man solely owns the property, he should be the only one to maintain the property with his own money. But I agree with Dave’s suggestion to buy a new property together and rent out the other property. Another option could be that the woman could buy a property and rent it out as her own.
I agree 100% Dave!!! Make it a rental and move on
The way I heard the letter I think you missed something. Sounded to me like there's "property" that his parents left him that's SEPARATE from their home.
We all knew Dave was going to say "yes" to a pre-nup. duh. He ALWAYS advocates for a pre-nup for EVERY situation.
My grandmother 3rd husband wanted it to go to his kids. What they did was if he died first she had a life lease then the kids got it after her death
I think she is more worried her future when he passes. If she is putting money and taking care of the house with him and suddenly the house is not hers. She is worried about where she is going to live. If I was the guy I would want to make sure the person I am marrying is taken care of before I die. I think them getting a condo or something that is low maintenance would so much better. When you get old the less is better and gives your more opportunity to live, get a minimal house or condo and he can put the old house in a prenup for the kids.
I will put the house on the kids name now to avoid any schinanigans later.
The man is right!!!.. But I also understand her point. They shouldn't get married
If you need a prenup then she ain’t the one lol
What about changing the deed to a life estate? Then she could live there the rest of her life. However, I would prefer the idea of buying a different home for them to live in as husband and wife.
He and the house was there before she walked in. Life insurance will buy her a house if need be. He needs a prenatal NO MATTER WHAT.
I’ve brought up life insurance since the day this video was posted. Zero acknowledgment from anyone that this is the solution.
Let her stay at the property until she dies if he passes first and upon her passing it will go to them. She isn't allowed to sell it. But has right to stay thier until she passes. Simple
I had a friend that she would stay in the house after he passed until she passed then it went to his kids
Give the house to the kids now and move into a new place for each other to build a life together in your new marriage. That’s if money is not a huge issue.
Give her a life estate and then it reverts back to the children
I got mega rich off a business young and married a broke uni student. I cannot imagine the damage that would have been done trying to keep things seperate with a prenup. Yuck
I don’t know why they have to get married? Inviting the state in your love life is a dumb idea. Just add her to the will. That is all
Im not even trying to be funny but if you don't want to have kids there's zero reason for any man to get married. Financially speaking it's the dumbest move you can make. The risks are way too high
My dad will be in the same situation when he finds a new wife. The farm is a multiple generation farm. We as the kids would never kick our dads wife out of the home. We might would take ownership but she is my Dads wife so she can stay there until she passes as well. That could even be something that is put into legal documents.
That is really incredible in your situation. Unfortunately we do not know how other kids might treat the wife especially if the dad passes first. It seems like a lot could go wrong in that situation for other families. But that is really nice that it would work for you and your family
lol she’s already counting on her future husband dying first. What a WONDERFUL start to a happy marriage 🙄