How will getting Married affect my finances?

Zero_Sum

seven-day-weekend wrote: »

I have been married for 48 years. I had a discussion once that if, heaven forbid, I was widowed, and then met someone else, would I get married again? And after thinking bout it, I came to the conclusion that I wouldn't. I would not want someone else's family to benefit from what my husband and I had built up together, which should go to our son.

So,if you don't want to share your assets/finances, don't get married.

Those are 2 completely different circumstances.
You've built assets together.

I dont think theres anything wrong with wanting a bit of financial independance & these days people get married a bit mire later on in life so each persons financial situation can be more varied than 2 youngsters starting out. And if there is a bit of a gap its natural to want some prorection should things not work out.

Accountant_Kerry

When you get married pretty much all of your finances are joint whether you like it or not and as such the starting point for a split as long ad the marriage is not 'short' is 50/50, having separate bank accounts, mortgage etc makes no difference.

gemw

OP I get the feeling deep down you know getting married could be a mistake.

Even if the relationship is now is a great place, that doesn’t mean it will stay that way forever and you’ve clearly worked so hard for everything you have.

What will getting married change, really?!
It doesn’t make people love each other anymore. And ultimately, you would be the one losing out if you did divorce.

My partner of nearly 9 years put down a much bigger deposit than me when we bought our place together 5 years ago. We got a deed of trust to ensure we got back what we put in and split any equity 50/50 as we split the bills. Now I’m coming into an inheritance and looking to pay off the mortgage. If so, we’ll draw up a new deed of trust to protect my money. It’s only fair and we’re not married.

If it ain’t broke, don’t fix it.