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?
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).