New here? Register in under one minute   Already a member? Login245057 questions, 1084625 answers  

  DearCupid.ORG relationship advice
  Got a relationship, dating, love or sex question? Ask for help!Search
 New Questions Answers . Most Discussed Viewed . Unanswered . Followups . Forums . Top agony aunts . About Us .  Articles  . Sitemap

Confused and worried about the future finance

Tagged as: Big Questions, Family, Marriage problems<< Previous question   Next question >>
Question - (20 June 2008) 2 Answers - (Newest, 20 June 2008)
A female , anonymous writes:

My fiance and I have been a couple for over 2 years and have been engaged for 6 months. We have a date to get married this December. He and I both divorced with 2 kids each. Mine are 13 and 15. His are 5 and 9. Him and his ex-wife (of 11 years marriage) divided up their kids, so they each take care of a kid. He pays $1000 every month to his ex for child support until the kid reached 18. I just discovered from him the other day that he will have to pay his ex $500 each month after their kids reached 18 or pay a lum sum of $50,000. This is for alimony and based on their divorced decree.

I'm a homeowner and he is not. Even with the upside down mortgage market, my home still has a capital gain of at least $75 - $100K if I put it on the market.

His annual salary is $95K and mine is $65K. Neither have credit card balance. His ex-wife is a spendthrift and short all the time. She is a 3rd grade teacher and about to lose her job due to education budget cut.

Can she legally ask for additional child support after her ex-husband and I married and have a combined income? Should I have my fiance sign my prenup? Should we keep our finance separately after we got married?

View related questions: divorce, engaged, ex-wife, fiance, her ex, his ex

<-- Rate this Question

Reply to this Question


Share

Fancy yourself as an agony aunt? Add your answer to this question!

A female reader, Tisha-1 United States +, writes (20 June 2008):

Tisha-1 agony auntSounds to me like you should set aside a couple hundred dollars and go see an attorney with experience in domestic law and finances to make sure that what's yours and what's his and what's owed to the ex-wife are carefully spelled out. I'm not an expert in this, and I don't really have any better advice than that.

Smiles has given you some really good advice, so listen to her!

Congratulations on your wedding plans, by the way!

<-- Rate this answer

A reader, anonymous, writes (20 June 2008):

You have two children to take in consideration.

You should not consider getting married without a signed "prenup".

That will just protect you financially and also your children. Can you imagine, a few years down the line, selling your house to pay his ex, and then if things don't work and you get a divorce?

There is no gaurantees in life, do not risk your assets.

You should also have a will, leaving at least your house to your children.

I suggest you and your fiance must discuss all these matters now, before getting married. Decide who will pay what or contribute towards what.(Personally I whould suggest you keep your finances separate).

I know it might not seem all that important now, but you have to. These are the things that can cause lots of problems and unhappines later.

<-- Rate this answer

...............................   

Add your answer to the question "Confused and worried about the future finance"

Already have an account? Login first
Don't have an account? Register in under one minute and get your own agony aunt column - recommended!

All Content Copyright (C) DearCupid.ORG 2004-2008 - we actively monitor for copyright theft

0.0469067000085488!