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loopnet
Deleted
Jul 22, 2003, 2:03 PM
Post #1 of 3
(5172 views)
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Am I at financial risk?
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Hello-
I am engaged to be married to a man who pays significant child and spousal support to his first wife. Currently he pays over 5K per month to her in "family support". I am a professional woman, making a 6figue salary, own a home with some small investments that I would like to ensure I understand what risks I have
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If for some reason he loses his employment, am I responsible for his financial obligations to his exwife? Obviously supporting HIM would not be a problem for me, as that is part of a marriage/partnership- but certainly do not want to be at risk of supporting his exwife or kids.
His divorce agreement states that his spousal support ends after 5 years and she does not work outside the home. She is required by law to be back at work in a set number of years, what if she does not go back to work? What does the law do then? What risks do I have in this situation?
Pls Advise.
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GettingRemarried.com Legal Advisor
Jul 22, 2003, 9:34 PM
Post #2 of 3
(5163 views)
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In most circumstances that can be envisioned you would not be responsible for your husband's responsibility under his divorce decree; however, in order to definitively determine your and your future spouse's potential liability under the scenarios you present
you are strongly urged to seek local legal advice.
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equalmar
New User
Mar 17, 2004, 11:35 AM
Post #3 of 3
(5122 views)
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When it comes to marriage, whether it's your first or third, a prenuptial agreement can help address your concerns, and legally separate previously existing responsiblities. Often discussions about your financial future together, expectations and responsiblities naturally come from creating a prenup.
As the response above stated, you should speak with a state/local attorney who can outline your responsiblities as every state's laws differ when it comes to marriage and divorce.
Sarah Emond
Equalityinmarriage.org
(This post was edited by the_admin on Mar 17, 2004, 12:00 PM)
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