[Shirleevee]

CIB............a friend of mine died, had what he thought was an iron-clad pre-nup with second wife, he died..........SHE >

kept his children in court for ages until they finally gave in. Trust

funds for the heirs..........

Shirleevee

[chelsea24]

Yes, I agree, a Living Trust is the way to go. That's what we did.

Also have to agree on the Prenup not being the last word. I had a friend also that had a prenup and it was contested. She lost half of everything and more. Even her deceased father had left her in Florida. Her lawyer said, "If a prenup's contested, it's usually not worth the paper it's been written on." :dontknow:

[Boomer]

And the word on the street is make sure you each have your own attorney. One attorney for both supposedly makes a prenup way too full of holes. Or maybe even worthless.

And the other thing is, do not ever think that just because you have no children, it is not a big deal. Major duh factor in that one. Someone late in life, long past the recoup possibility days, could be left all alone, and without a dime.

Also I know of a case where due to a business, there were things that were put completely in the wife's name. Over time, she had quietly transferred her ownership to her children by her first marriage.

Then she suddenly did not want him anymore. There was no 50-50 to deal with. Her kids from marriage number one had it all. The female is quite often far more deadly than the male.

But if you have read this far, please keep in mind. Boomer is not a lawyer, nor does she play one on TV. Boomer is merely a teller of stories. But nearly all of them are true. (Boomer is not a tall thin blond like she said in that dress thread.)

Boomer

[Boomer]

Just posted my last one and saw the Revocable Living Trust thing had come up. Good vehicle but different from a prenup.

Trusts are complicated, can be quite wonderful, but are not the be all and end all of all this.

Do your homework and know and trust and respect your attorney. They come in all kinds, too.

This is not the kind of stuff to go boiler-plate internet form on. Or some guy who wants to buy you dinner. In legal matters, penny-wise can be all too pound-foolish.

And now I will shut up and leave -- for awhile. This is a good one! Used to have these arguments and discussions at work, once in awhile.

Boomer

[chelsea24]

Absolutely! Both parties must have their own lawyers and good ones!

We just went with Foss and Foss as financial advisors when we moved to FL and found we had to change a couple of things or we would have been heavily taxed should something happen. No one in Illinois had caught that situation. :yikes:

It never hurts to check things our throughly and keep re-checking them.

[njgranny]

I would resolve the whole issue in a minute. Never remarry. I sure wouldn't. We have a good marriage, but once is enough.

[chelsea24]

I'm with you njgranny! This is my first (my soulmate) and my last!

[travelstiles]

From my professional and personal experience, prenuptial agreements are a must, not only for second (or subsequent) marriages, but for first ones as well. Not only are assets a consideration, so are debts, which are often overlooked.
I'd also suggest legal agreements between those living together as well. This is particularly important in those states that do not recognize domestic partnerships or same-sex partnerships.

[barb1191]

Originally Posted by chelsea24

I'm with you njgranny! This is my first (my soulmate) and my last!

Uh oh....never say never. I was divorced for 30 years and swore to never marry again. Well, upon moving to TV, I met Mr Wonderful, and the rest is history. We've been married for two and a half yrs now and going strong.

"You never know what lurks in the hearts of men :dontknow:....The Shadow knows." Remember that? If you do, you are old as dirt, like me. Stopped aging at sixty. Remarried at seventy four and robbed the cradle; hub was seventy three. :joke:

[samhass]

Way to go, Barb! :bigthumbsup: :bigthumbsup: :bigthumbsup: :bigthumbsup:

[The Great Fumar]

A prenup is an absolute must. It my case , it saved me $642.00 dollars..

"that was close" fumar

[Rokinronda]

Fumar, someone married you??!!

[Boomer]

Boomer and Mr. Boomer do not have a prenup.

When Boomer met Mr. Boomer, he was Sgt. Boomer.

Nixon had signed the treaty and Sgt. Boomer was back from Okinawa. That's when he found Boomer. The GI Bill was what led him to where his path crossed Boomer's path.

Boomer thought that Sgt. Boomer just might be rich. (although she did not care about that) The reason she thought so was that Sgt. Boomer had 4 huge Pioneer speakers, and everything to go with those speakers to better blast Hendrix, The Doors, and for those really romantic evenings, "In-A-Gadda-Da-Vida."

And Sgt. Boomer also had a Seiko watch.

Although Boomer thought that Sgt. Boomer just might be rich (although she did not care about that) she was somewhat confused by the '64 Plymouth Fury.

Boomer at the time had a Triumph GT6 and a car payment.

And then Sgt. Boomer, in his '64 Plymouth Fury, caught Boomer, in her Triumph GT6.

And they did not have a prenup. And they still have each other.

But that does not mean that Boomer cannot have strong opinions on the need for prenups in so many circumstances for so many.

So that's my little story for right now. But at some other time, I am going to come back to this thread and go on and on about trusts.

Boomer

[Shirleevee]

Great!!!!!!!!!! :bigthumbsup:

[islandgal]

I never had a Prenup but wish I had when my divorce occurred in 1981. (I'm with you, Kathie!)

I don't agree that the young should not worry about Prenups. My three children
all married for the first time in their mid-30's and well into their careers. My youngest was married 9 months ago at age 38. They all have Prenups and Living Trusts.

Although there was no reason as far as incomes go, they just decided to be on the safe side with the divorce rate what is is today, extensive business travel, etc., etc.

I encouraged it, although sad, in a way, it even has to be considered,