My wealthy fiancée wants me to accept the costs of the standard of living if we get divorced. I am a proud veteran and will not accept more than $ 50,000. Who has the reason

My fiancée’s divorce decree says she’s not liable for her former husband’s $100K tax bill. That should protect her, right?

<div id=”js-article__body” itemprop=”articleBody” data-sbid=”C12BA054-6FF8-11EB-9405-93B13D89EBCD”>

Dear Quentin, I am thinking of marrying someone who has a substantial amount of money. I do not have much. I own my home, have a military retirement, and work part-time. I want a prenup and so does she. We do not have and will not have children.

So what is the problem? I don’t want spousal support. If we separate, I just want to keep all my military benefits and the difference between my personal savings (at the time of divorce) and $ 50,000. So if she had $ 45,000 saved, she would only pay $ 5,000. I have worked very hard for everything I have. I am proud of the fact that I have overcome many adversities to be where I am now, and I am happy with my finances. He wants me to have a “standard of living” payment. I want my morality intact, if we get divorced. I think what I’m asking is totally reasonable. But maybe it isn’t? Any advice? Proud and practical Dear Proud, While my hat is off to you for being realistic and practical enough to plan ahead, you may both feel differently if you decide to get divorced. They are both acting out of love and pride. Divorces are often tumultuous and expensive. Prenuptial agreements, while not perfect, also reflect the state of mind you are in before marriage: practical, magnanimous, cautious, optimistic. In this context, equity is the goal rather than the result. Like love, justice in the eyes of the beholder.

media-object type-InsetPullQuote inline article__inset article__inset–type-InsetPullQuote article__inset–inline “>

“’Equity is the goal rather than the result. Like love, justice in the eyes of the beholder. “- The Moneyist

“A prenuptial agreement must have both parties represented by separate attorneys and it is vital to ensure that there is full and complete disclosure of liabilities and assets and that the marriage is entered into between two consenting adults,” according to the Canterbury Law Group. “The agreement must be fair when signed and the application must also be fair, regardless of whether it is five years later or decades later. These are all primary aspects of a good and healthy prenup. “The law firm also cautions:” Some unfair characteristics may include when both parties have to pay their own fees for legal fees during a divorce. Equal divisions of assets obtained in marriage when individual states often have different rules governing asset allocation, especially when it comes to property. Sometimes agreements state that one of the parties will receive a fixed income in the event of a divorce that decades then it may be totally inappropriate due to inflation and changing cost of living. ” Without a prenuptial agreement, your fiancée could certainly slash his current magnanimous cost-of-living proposal. You, meanwhile, may be traumatized by the financial reversal of fortune after a divorce and realize that $ 50,000 isn’t that much money after all. Time, experience, and a marriage gone awry can change their lives, and their perspective on who deserves what is turned upside down. They are both right. There is no wrong answer. You may agree to review the agreement after five years of marriage in case either of you wants to make an amendment. They cannot force each other to change the terms of a prenuptial agreement. Otherwise it would defeat the purpose of signing one in the first place. However, it can help open up that conversation in case it’s needed in the future, and also take the pressure off both of you now before your big day. You can email The Moneyist with any financial and ethical questions related to the coronavirus at qfottrell@marketwatch.com The Moneyist: When my parents died, my sisters and I divided their estate. I chose a painting that can be worth $ 50,000. Should I tell them? Hello MarketWatchers. Take a look at Moneyist’s private FB Facebook group, + 0.04%, where we look for answers to life’s thorniest money problems. Readers write to me with all kinds of dilemmas. Post your questions, tell me what you want to know more about, or comment on the latest Moneyist columns.