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Money Question (handling finances post wedding)

FunBride Posted: May 05, 2005 09:05 AM+

FunBride MEMBER SINCE: 8/04 TOTAL POSTS : 392 WEDDING DATE: Jul 30, 2005

Posted: May 05, 2005 09:05 AM

Money Question (handling finances post wedding)

I'm not sure - but if I bring anything to the marriage BEFORE we get married (i.e. money my parents have saved for me) does this money get co-mingled, or does it remain in my name???

hocus Posted: May 05, 2005 09:26 AM+

hocus MEMBER SINCE: 4/05 TOTAL POSTS : 604 WEDDING DATE: Sep 04, 2005

Posted: May 05, 2005 09:26 AM

Re: Money Question (handling finances post wedding)

That is up to you.

You can keep it in your own name, or put everything in a joint account.

lcherian Posted: May 05, 2005 10:18 AM+

lcherian MEMBER SINCE: 10/04 TOTAL POSTS : 2876 WEDDING DATE: Jun 24, 2006

Posted: May 05, 2005 10:18 AM

Re: Money Question (handling finances post wedding)

however, once you comingle this property, it becomes joint property and subject to equitable distribution if you ever divorce.

ETA: even if your FH has access to this account, a court may still deem it joint property.

alexlynn7 Posted: May 05, 2005 10:19 AM+

alexlynn7 MEMBER SINCE: 4/04 TOTAL POSTS : 2018 WEDDING DATE: May 28, 2005

Posted: May 05, 2005 10:19 AM

Re: Money Question (handling finances post wedding)

we just lumped our money all together... not much to lump, but that's another story

FunBride Posted: May 05, 2005 11:32 AM+

FunBride MEMBER SINCE: 8/04 TOTAL POSTS : 392 WEDDING DATE: Jul 30, 2005

Posted: May 05, 2005 11:32 AM

Re: Money Question (handling finances post wedding)

thank you so much for your answers.....i'm thinking of using any of my savings towards our future kid's education. it can be under my name, and then if we ever divorce g-d forbid, of course the money will be split equitably b/c it's for our kids! problem solved.....thoughts?

David'sbride Posted: May 07, 2005 02:34 PM+

David'sbride MEMBER SINCE: 7/04 TOTAL POSTS : 3412 WEDDING DATE: Jul 04, 2005

Posted: May 07, 2005 02:34 PM

Re: Money Question (handling finances post wedding)

Have you had this conversation with your FH?

Please, please, please so many couples fall in love and can't discuss the unromantic, yet very practical, aspects of life, like money, living wills, etc.

You need to have this conversation with HIM ASAP.

If you need help pick up the book '100 Essential Questions to Ask Before you get married'. It's excellent. FH and I completed it before we got engaged.

germai68 Posted: May 07, 2005 09:02 PM+

germai68 MEMBER SINCE: 1/05 TOTAL POSTS : 1021 WEDDING DATE: Sep 23, 2005

Posted: May 07, 2005 09:02 PM

Re: Money Question (handling finances post wedding)

I have to agree with discussing it with FH. Many people have different thoughts on money and that can be a serious problem. FH and I discussed it all and when we moved in together we just put it all together and have one bank account. But I know alot of people who do it seperate as well. Either way you need to have a plan that you both agree to!

DMcK Posted: May 07, 2005 09:29 PM+

DMcK MEMBER SINCE: 4/04 TOTAL POSTS : 5034 WEDDING DATE: May 13, 2005

Posted: May 07, 2005 09:29 PM

Re: Money Question (handling finances post wedding)

FH & I discussed this (not that either of us have all that much) & we decided to combine everything. It's easier for us & makes the most sense but you have to do whatever makes you two comfortable as a couple.