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    Home»Investment»The Uncomfortable Wife — The Barefoot Investor
    Investment

    The Uncomfortable Wife — The Barefoot Investor

    By Staff WriterMarch 15, 20252 Mins Read
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    Hi Scott,

    I own my home, have five of my own children still at home, and recently married a second time. My new husband does not want to combine our money or have the same accounts, and he wants to keep everything separate. He has no assets, savings or superannuation. He works on commission, and he is 10 years off retirement age. He contributes here and there, but l feel uncomfortable. Should l get a prenup now? 

    Felicity
    Hi Felicity,

    This ain’t your first rodeo … so why are you acting like a rodeo clown?

    You may think this guy is a puny pony, but he is every bit the bucking bronco:

    He has no assets, no savings, no super, no reliable income … and no plan. 

    My worry is that he’s likely to turn around one day and decide to launch you into the cheap seats. 

    After all, he says he wants to keep money separate – yet he enjoys the use of your assets and doesn’t contribute consistently?

    Easy, horsey!

    It’s time you pull the reins in on this bloke and lovingly drive your spurs deep into his guts. 

    Here’s how:

    Book in to see a family lawyer today.  

    Now, you can’t get a prenup after you’re married! So the legal document you need is a Binding Financial Agreement (BFA) – and you should absolutely get one. Also, update your will and estate plan to protect your kids. 

    Felicity, you do not need permission to protect yourself and your kids. Enjoy the ride.

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    Scott.

    View original article here

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