The lawyer told me to a better way to go is to make her pay rent and give her a reciept. Drop the assets into a fambily trust and pay 1 dollar a week effectivle buying it back (fambily trust become first morgage.). But the bank may not want to take second/morgage on the assets.
I was thinking of a trust setup but a guy at work has had a drama with getting the money out. It depends on what type of trust he has also.
Any PMs would be appreciated
Don't worry Torch I've been bitten too, cost me a $hiteload. I stand 100% by the statement above, if you have to even think about it. Then think about it.
You're doing the right thing to worry, Torch.
Perhaps consult legally for options - great ROI there.
That thing about "if you need to worry...", he's not connected with the real world.
Anyone over 20-25yo has had friends and workmates and rels fall prey to the system.
You'll marry hoping things continue the same.
The other may do so hoping everything will change. The person that hopes things will change will never admit to it.
The cocooning that ensues marriage seems to change people...
Question time....
Do you maintain separate bank accounts and run your finances separately?
Would you let a skimpy give you a lappy at the pub on Friday arvo?
Would you rather be at the pub on Friday arvo with the boys watching skimpy's than be packing up the car to go camping and surfing for the weekend with her?
Do you look at her and wonder what your children will look like?
Do you discuss what your strategies as parents are going to be? Do you agree on these? Can you come to some form of resolution if you don't agree?
Do you share common interests? Or would she rather have coffee with the girls and plan a morning shopping than go for a walk along the beach and chill out while you go for a paddle?
Is she your best mate? And your lover?
It all depends what you want out of life, if you want a business partner that you can bury your knob in, then a pre-nup could be a good idea.
The best thing you could possibly do is get some pre-marriage counselling together, just to make sure you are both chasing the same goals.
I would go pre nup. Things could change but most likely will not.
The fact is why is he having to have to think about needing a pre-nup? because the legal system is set up to take the assets from people who earn't them and give them to someone who hasn't.
I think Gene Simmons Book Sex, Money,Kiss covers this topic very well, very interesting and at times funny book
In Australia, the courts are able to (and do!) throw out prenups.
Basically they are not worth the paper they are written on... ![]()
Sorry, I meant cardinal virtues.
Whilst carnal pleasures may be nice in a marriage, you know it ain't gonna happen.
Cheers for the advice guys, I've booked into see a lawyer next week who deals with this stuff.
I've broken the news to her and she was fine with it. She was interested in protecting her assets from any situations down the road.
Sort of makes me love her more knowing she is a realist...![]()
(or shes smarter than me
)
What you are looking for is called a "binding financial agreement" and can only be for assets currently owned by either party!
At least a discussion of who would take what if you break up. That way there is so clarity of who owns what.