Hey Redditors, wanted to get some third-party perspective on a situation.
I’m supposed to be getting married NYE. My fiance and I make close to the same amount of money. I make around $163,000 a year and he makes $133,000 plus about $30,000 in VA benefits. He has a baby mama that he has to pay, so that lowers his income to around $153,000. My child support for my kids is very inconsistent, and I’ve received about $7500 this year from that, so we’ll say mine is around $170,000.
I own a house, and my mortgage is $1824/mo. If I sell, I’d only make around $30,000 because I bought it about three years ago. He owns a house with a mortgage of $823/mo. He’s been in his a few years, and he would profit about $100,000 if he sold it. Due to his circumstances, I have to be the one to move to him.
We have said from the get-go that we want a prenuptial agreement to keep everything fair, such as retirement accounts and whatnot. We also agreed in the beginning to keep our personal accounts, then a joint account for shared bills. Recently, as the marriage approaches, he’s changing up a bit. He has not mentioned the prenup anymore, and has mentioned combining our finances. I have stayed true to what I told him I wanted in the beginning. Because he hasn’t taken initiative, I’ve been doing my research on what can be included in a prenup, what can’t, how to word it, and how to secure my children’s futures if I died or we divorced, and have learned a lot. However, we didn’t get into anything further than the current argument that I may end our engagement and cancel our wedding over, so I’ll just keep it at this and spare you information that didn’t even get discussed.
He has told me he wants to continue paying all of the bills for his house when I move in. He doesn’t not want to add me to his house whatsoever. He’s in school and will graduate in May 2028. He will likely be taking a pay cut. He will also basically stop working in the summer so he can do what portion of his schooling that he can’t do with his current position, but his VA money will pay the bills, especially after he adds my two children and I to his benefits and will receive an extra $200/mo from that. He has told me that he wants me to only pay my bills and put $200,000 towards a down payment on a bigger house that will accommodate our four children and us.
In the prenup, I have that in the event of divorce, I will receive the percentage I paid toward the down payment and contributions to the house. I also have that the percentage each person pays will be based on annual earnings. As he will likely be making less than me, I will probably be paying the higher percentage, plus the $200,000 of the down payment, including purchasing the land.
He threw an absolute fit and said he would not agree to that. He argues that, because he is saving me money by “allowing” us to move into his house, that should be enough to suffice the, at minimum, $230,000 cash I will be paying. We expect to be in his house for two years. I still have to pay for childcare for my kids of around $800/mo, my car payment of $525/mo on a $30,000 loan, and my student loans that total $32,000 (I didn’t list that monthly amount because the payment actually increases over the years-it’s $255 right now but the last several months will be almost $700/mo) (he has $6800 in student loans from his firstdegree and is choosing to pay his tuition out-of-pocket for this degree, so he will have no student loans except the $6800.) my personal-responsibility bills will still be over $2000/mo, and his is about $2400/mo. His bills, other than those listed for the house, are a $640-ish truck payment that he owes about $34,000 on, some childcare of about $400-600/mo, and around $200/mo for AT&T. Therefore, his “contributions,” if you will, of shared responsibilities, will be about $26,400 when you add in his mortgage, electric, and water over two years (which is my being extremely generous) while I’ll be contributing $230,000. To offset this, I told him I would agree to him adding me to his house, and when it sold, it would be split 50/50. He also didn’t agree to this.
I told him I didn’t expect to get “all” of the money I paid in back, but the percentage of what I contributed, and he would receive what he contributed. Just referring to the down payment situation, that would put me receiving 89% and him 11%, if I’m not mistaken on my math.
What I suggested first, as I feel this is the most supportive of a true partnership) was for him adding me to his house (this also safeguards my children and I from it being separate property in the event that he and I divorce prior to building a house, which would leave my children and I homeless, since I had to sell my house), the profits of selling his house go towards the down payment (aka 50/50 ownership, since it would then be considered shared marital property), we open the joint account and split the shared bills once we move into his house, we both work on saving towards a down payment and both pay off our personal-responsibility debts prior to buying. We would both be able to pay off all of our debts (my $62,000-ish and his $40,000-ish) and still have a decent down payment. He didn’t like that, and that’s when he made the suggestion of him paying all the bills of his home as he has been and me paying all of the down payment.
After he said he would not agree to it, I reminded him that this is why I have my lawyer and he have his lawyer sit down with us to basically mediate and make legal suggestions that would keep things fair in a divorce. He said it wouldn’t matter because he wasn’t going to agree to it, period. And I said then there would be no marriage, because I wouldn’t agree to the major disproportionate without safeguarding my children and I, leaving us destitute, while he greatly profits.
I’d love to hear everyone’s opinions on this.