I have two kids from a previous marriage who are now adults.
I have a girlfriend who is expecting a baby next year. We will most likely get married in 2026.
After being burned once by divorce, I am getting a prenup. Even though I love my gf, I've seen what life does to people and relationships so prenup is a must.
My estate is worth about 4 mil. Let's say it's 2 mil in brokerage, 1 mil in 401k and 1 mil in house equity.
I have 2 plans right now, one if I die, and one if I get divorced.
If I die, the kids get 30% each, and she gets 10%. The reason for the 10% to her is that we met in our 40s, she didn't contribute to my success up to this point. If she dies while the new kid is young, I don't want her to be kicked out of the house. I would give the house to the kid we'll have together so that's 1 mil plus 200k in cash. I would give 1.2 mill in cash to each kid from my first marriage and I would give 400k in cash to my gf who should be my wife by then. Ignore the tax on 1 mil 401k, it's not that important to these numbers.
In the case of divorce, I will retain ownership of 4 mil since that's what I am bringing into the marriage. I live in a community property state, but I don't believe that's fair. If I made $200k and she makes $50k, she shouldn't get half, she should get 50/(200+50) which is 1/5th. Let's say we divorce in 10 years and lets say my 4 mil grew to 5 mil, based on capital appreciation only. Lets say in those 10 years we have saved 1 mil in a separate joint account that was funded by our salaries. I would keep the 5 mil, and I would take 4/5ths of 1 mil, so 800k and she would take 200k. I would pay child support for 8 years and no spousal maintenance s
What does everyone think? Is this fair?
I have a girlfriend who is expecting a baby next year. We will most likely get married in 2026.
After being burned once by divorce, I am getting a prenup. Even though I love my gf, I've seen what life does to people and relationships so prenup is a must.
My estate is worth about 4 mil. Let's say it's 2 mil in brokerage, 1 mil in 401k and 1 mil in house equity.
I have 2 plans right now, one if I die, and one if I get divorced.
If I die, the kids get 30% each, and she gets 10%. The reason for the 10% to her is that we met in our 40s, she didn't contribute to my success up to this point. If she dies while the new kid is young, I don't want her to be kicked out of the house. I would give the house to the kid we'll have together so that's 1 mil plus 200k in cash. I would give 1.2 mill in cash to each kid from my first marriage and I would give 400k in cash to my gf who should be my wife by then. Ignore the tax on 1 mil 401k, it's not that important to these numbers.
In the case of divorce, I will retain ownership of 4 mil since that's what I am bringing into the marriage. I live in a community property state, but I don't believe that's fair. If I made $200k and she makes $50k, she shouldn't get half, she should get 50/(200+50) which is 1/5th. Let's say we divorce in 10 years and lets say my 4 mil grew to 5 mil, based on capital appreciation only. Lets say in those 10 years we have saved 1 mil in a separate joint account that was funded by our salaries. I would keep the 5 mil, and I would take 4/5ths of 1 mil, so 800k and she would take 200k. I would pay child support for 8 years and no spousal maintenance s
What does everyone think? Is this fair?
Statistics: Posted by Starbase — Wed Oct 23, 2024 7:04 pm — Replies 15 — Views 769