Joyc25
New User
Post #1 of 2
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Prenups & protecting assets in marriage
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I will be married in the near future. We have agreed to sign a prenup to keep our "before marriage" assets separate in the event of divorce.
One of those assets is my home which I will be selling shortly after the marriage. We plan to buy a new home together sometime in the next couple of years but all the down payment will come from the sale of my home as my fiance has no assets. I will pay cash for 75-85% of the home price and we will cover the rest with a mortgage.
Question 1: Does the prenup become void when I later enter my assets into joint property- our new home? Can the prenup be structured to cover that or will it have to be revised later?
Question 2: We both own our own small business' with low liability risk but not non-existent. We live in a homestead law state which I believe protects our assets when invested in a home but what can I do to protect my assets in-between home ownership? Will my assets be at risk if he is sued and if so, how can I protect against this?
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