I need to understand according to NY state law, if I just signed the contract of a condo but the closing happened 3 months after the marriage
, will that be considered as a marital property or my individual property for equitable distribution
in case we end up divorcing?
My boy friend also recently closed on a condo but mortgage payments will stay there for next 10-15 years and he is asking me to pay half the mortgage to him as both of us will be staying on his property/condo after marriage. Will that be solely his or partly mine based on my contributions towards his mortgage? I will most probably be transferingmoney to his bank account on monthly basis so can I show bank statements as the proof of how much i paid on monthly basis towards his mortgage (though it will be from my bank account to his bank account).
Also, what happens to the other properties he has acquired/paid off before marriage? Will that be all his at all conditions? He wants me to sign a prenup that all of his property and incomes (liquid assets) will remain 100% his that he paid off before marriage, but is a prenup really required if that will remain 100% with him only as he paid off them already before marriage? Will I get anything at all out of all his previous paid off properties? (I don't think so).
What would you suggest I should make sure I DO and Don't DO, if we sign a prenup, being the girl (I have a full time job and I make a little less money than him).
Does prenup become kind of obsolete and all marital properties are divided almost 50-50 after certain years of marriage? If yes, approximately how many years after?
How about debts that each of us may have that are not for something not shared by both of us - like getting som eplastic surgery done, inveting in a business/startup where other person is not a partner or not willing to start that business (no signatures from him on any documents related to that property); but all this paid out o feither Joint account or from ones own money after marriage? All the money you earn after marriage is 50-50 dividable in NY state? If yes, then any of such spends should not be made if other spouse is not okay with it - no? May be yes, but what is permitted and in what circumstances?
I don't think I will ever get divorced. We know each other from past 4 years and it's heart breaking for me that he is pushing so hard for a pre nup, whereas for me marriage should be life long and we should help each other every way possible. We have been having fights in past 4 years and we were on and off so that makes me kind of worried at times that things may get really bad sometime in future and one of us may loose all the patience and want a divorce
being we already have a prenup saving our separate assets, which I don't want. I want the fear of loosing property/earnings for both of us to make up any differences and stay together and not make any hasty/wrong decisions to get divorced.
I thought of leaving him as well few times past few weeks, seeing him so mu pressurizing me for prenup but I am pregnant and I may need to abort if he is not ready to get married without a prenup. Sometimes I feel it's not even worth it marrying him when he is coming up with such demands trying to use the situation that I am pregnant and I don't have much time to be able to abort. May be he is just not worth it. But he claims and I can feel he loves me and wants me in his life, but there is no gurentee for a marriage to be life long and I want to take away any luxuries to get divorced easily. He has been divorced onece before whereas I have never been married and he says because he had to go thru divorce earlier, he doesn't want all that problems related to property again as he has worked very hard to make up this property. I don't understand why people want to get married when they are so afraid of getting divorced.
I am young and can go for another guy anytime. I just need to know all the legal details to make it less easy for us to just walk away any day will all our separate earnings with no fear of loosing anything. I wouldn't want to get married, if this is going to be the case. Advise please.