Keeping Separate Property Separate Without Prenup
Your Wedding is Coming Up, and Your Fiancee Won’t Sign Prenup
So your wedding is in less than a month, and your fiancee won’t sign a prenup. If the issue is that you haven’t brought it up, here is how you may be able to still get a prenup without hurt feelings.
It’s Too Late
If the issue is that it’s too late (you must always leave 2-3 months prior to your wedding for a prenup!), you may still be able to protect what you had before your marriage.
Keeping Separate Property Separate Without a Prenup
If a prenup is out of the question, and you still want to get married, here are some alternatives that may protect you.
Inventory What You Had Prior to Marriage
Take a snapshot of all of your accounts prior to the marriage. If you own a house prior to marriage, keep the last mortgage statement prior to wedding day. Get an appraisal of the house value. If you have a business, you may want to get it valued.
Keep Your Accounts Prior to Marriage Separate
After you get married, open a joint account with each other. NEVER co-mingle your prior accounts by depositing marital money. Most of you know that if you do not have a prenup, all of your earnings during marriage are community. It is essential that you never mix your prior to marriage accounts with marital money.
If You Had a House Prior to Marriage Not Paid Off, Use Pre-Marriage Funds to Pay Mortgage
If you happen to have a lot of premarital money sitting around, keep using this money to pay mortgage on the pre-marital house.
The moment you use marital money to pay down a pre-marital asset, there arises a Moore Marsden calculation.
Be Diligent; Do NOT co-mingle.
If you do not have a prenup, you need to be diligent in your marriage to protect your separate property. Always maintain the separateness of character by keeping it in a different account. This goes for your gifts and inheritance as well. Most people know they are by nature separate, however, a problem arises when you put separate stuff into a joint account.