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Need advice about prenup, taxes, insurance, etc......

dragonfly5's picture

Scared silly, but still getting married in May of this year. We are going to get a prenup drawn up since, I own my home and he has graciously accepted to move into mine and give up his place. My child is grown and on her own. His are 12 and 15.

I am keeping my home and mortgage in my name and establishing my part of the home at its current value and then anything that is would appraise for over the current value we would split if and when we would sell it.

We are both keeping our own bank accounts and opening a joint account to pay bills out of.

How do you all handle filing you taxes? Married but filing single. I don't want to do joint because he still pays child support correct?

Also what do you all do about health insurance? Did you combine?

I am also curious about auto insurance. He has visitation but his ex has custody.
His son is 15 what happens if he is visiting us and has an accident? Can I be sued?

I will take any advice about anything to protect myself you all will give me.

Thanks so much!!

Comments

oldone's picture

You really need to talk to a lawyer but the answer to these questions is very different depending on what state you are in.

I would advise keeping your home in your name only. No need to split any profit ever.

dragonfly5's picture

No, he has never missed a child support payment in 7yrs and he writes her a check it doesn't go thru the state system. So Married filing seperate is what we would do I guess. We make about the same, on a good year I can make a little more than he does.

There are just so many questions I have....

StepDoormat's picture

You'd be better off worrying about life insurance, long term care insurance, and your will in step situations. Car insurance? Who covers the kid? I mad my DH force the BM to cover SD16 under car insurance since she is custodial. Health insurance? Figure out which is cheaper. It was cheaper for us to combine. There is such thing as protecting yourself, I suppose... but you also need to consider what's in your best financial interest currently. Stepfamilies are always a risk. You'll have to take some. Otherwise, why marry?