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well, I would want it to protect me in the event of a divorce and to protect my daughter. I am 65. my daughter is 38. my bf is 61. I am retired. have several small sources of income. my bf is still working although his pay is very low. he was lucky to get a menial job at age 60. who is to say that I may get an increase in division from his assets?
I own my own home and it is valued at $800k with no mortgage.
with a trust, would we have our own separate trusts or would it be a joint trust?
I really find this whole business rather distasteful. and in many ways, I question whether it is really necessary based on our ages and the fact that we've already been together for so long.
if we have a prenup, would I still need a trust?
what is the cheapest way to do a prenup? I don't want to spend a lot of money.
would we need our own attorney or will one suffice? what about the various "do your own" prenups, any opinion, dave?
I want to think about this and i'll get back to you if I have any more questions. thanks.
so, if I have a prenup and no trust, would I avoid probate?