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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Marriage for older couple with large wealth disparity

214 replies

JustSomeRamdomGuy · 17/12/2024 19:58

Me and DP have been together for 3½ years. We do not have children together but DP has one child from a previous relationship. I love them both very much.

At the start of the relationship we discussed marriage, and we both agreed it wasn't something we'd ever want, despite being fully committed to each other and considering each other as life partners (neither of use are religious and we're both kind of non-conformist and were not motivated by the tradition).

Recently DP changed her mind on this and has now become adamant that she wants to get married and have completely joint finances, and she will leave me otherwise.

This puts me in quite an uncomfortable situation because of our respective financial situations.

I have had a lucrative but very high stress career. I'm not a particularly money motivated person and have lived frugally all my life. I'm now in a position where I am planning to retire within the next 5-10 years. I have a NW of roughly £1.5M. DP has a good job and earns quite well (very proud of her) but she only has savings of around 70K. And I do out-earn her currently by around 4X.

I've agreed to the marriage on the condition that premarital assets should be off the table if we ever ended up divorcing (of course you don't plan for it, but you never know).

I have no issue with joint finance and sharing all income going forward. That would mean me contributing 3-4X what she would, and that would be "our" money forever no matter what happens (split 50/50 if we separated). All income, pension, inheritance, or whatever else, shared completely from the point of marriage.

For "my" (i.e. the premarital) money, I consider it to be "ours" for as long as we are together. Anything she needs, or her DC needs, she'll have it. If we need a bigger house, I'll pay for it. My only condition is that if she ever leaves me, she doesn't get to take half of it with her. Only in that sense, it's still "mine".

I consider this a pretty good deal for DP. If we stay together as planned, she'd be able to retire in her 50s and we could travel the world together. Even in the unfortunate scenario that we were to split up after a few years, she'd still have done very well out of it financially and be in a good position to do whatever she'd want to do next in life.

But this is not satisfactory for DP. She insists that true commitment means "sharing everything" and that all premarital assets need to be split 50/50 in divorce.

My issue with this is that the "financial commitment" that she sees as being so important, is almost exclusively coming from me. There's no commitment from her because there's no risk for her. She'd end up rich (relative to where she is now) whatever happened. I'd be in a position where I'd lose so much by leaving, but she would lose nothing by leaving.

This doesn't seem fair, or balanced, or equitable, to me. Even disregarding my obvious self interests, it just seems to to be a really bad foundation for a relationship, because of the inevitable power imbalance it would cause.

I think DP should also be considering my needs and security, and be open to an arrangement which benefits us both as a couple and as individuals, without exposing me (and only me) to such risk. If roles were reversed, I'd want to protect my partner so that they could feel completely secure in the relationship.

So my answer is "no", and now she's leaving me.

She thinks I'm "more sacred of losing my money than of losing her". She thinks I'm being overly analytical and "treating it like a business deal". She says I shouldn't even be thinking about it as losing "my" money, because it's all "our" money anyway. She says she'd rather be alone for the rest of her life than be with someone who won't share everything with her.

So, AIBU?

OP posts:
CautiousLurker01 · 17/12/2024 21:44

JustSomeRamdomGuy · 17/12/2024 20:50

If we'd been together 10 years I'd feel a lot better about it.

We've done 3½ years, never actually lived together (wanted to but were unable to due to circumstances outside our control), and spent most of the last year in couple's counselling.

We're not currently in a place where we should be talking about marriage at all in my opinion.

Was already on the side of the consensus before this post. You don’t live together and you are in couples counselling… and she has rejected the very fair offer you’ve put on the table. I’m so sorry because I totally understand that you love her and that it must seriously bloody hurt; I also understand that women are often vulnerable in relationships and this means they need to ensure they are safe in the event of a partner leaving them or dying. This woman seems to be secure in herself/career without you thus far, so am not convinced this is what is driving this change of heart.

I’m the SAHM of two teens with SEN needs and was never able to resume my banking career after they were born, so am totally dependent upon my DH’s largesse. We have been together for nearly 33 years, married for 22 and I am the main beneficiary of his assets (which are considerable). If he left me my life would change significantly - but I would feel right to be aggrieved if I ‘missed out’ as we have a lifetime together, kids we both wanted, and we chose to sacrifice my career for them rather than have them raised by nannies, especially when the additional need for support became apparent. I also managed the developing of our property so that it is now worth 3x it’s original purchase price, which we are about to pay off, so I feel on many levels I have contributed to the quality of life he has had, his ability to earn and flourish in his career and the increase in value of our joint assets.

Your DP hasn’t done this - you don’t even live together. You haven’t been building a life in a joint property, building a home. And she lead you to believe that marriage was not on the cards … until it was, and became an ultimatum. The proposal you’ve offered is fair and similar to what friends of mine in their 50’s have agreed with new/second spouses.

I’m afraid that it is important that - assuming you have already spoken to a family solicitor to get the best advice on this already - that you stick to your guns. You sound like a lovely, generous and caring man. There will be someone else out there for you, someone who will not expect the world in terms of your assets but who may be able to offer you the world in terms of love and acceptance. This woman does not appear to be her.

marshmallowmix · 17/12/2024 21:45

How old is she? Not read the whole thread but sounds like a no no …step back and don’t marry her!

Pomegranatecarnage · 17/12/2024 21:47

YADNBU. Her loss, but it’s obviously very sad for you.

TheThreeCheesesOfTheApocalypse44 · 17/12/2024 21:53

Well she's shown you who she is......and as someone who has a friend that's having to start again in his 60s on half of his earned assets (( his wife only worked very part time despite having no dc )) I'd say you've had a bloody lucky escape.

Don't see an issue with you raising the if you divorce thing either, hell my brothers wife kept her little flat on for that specific reason !

ThisOldThang · 17/12/2024 21:54

Maybe she's got a lover and is scheming how to maintain her lifestyle?

NornIsland · 17/12/2024 21:55

AlertCat · 17/12/2024 20:07

It seems odd that she’s not only changed her mind about something which used to be fundamental for you both, but is also going about it in a really aggressive way. Refusing to compromise is odd. I’d be looking for a motive I think. Does her dc need money? Has she misled you about her wealth and income, or lost some? Where is this sudden need to share everything coming from?

I’d be looking for a motive I think.

I think she has someone else already or is planning to - looks like she wants to marry you and then clear you out....even if you dont get divorced.

What are your respective ages?

If you have been in relationship counselling for the past year --- do not marry this woman.

Abridget7 · 17/12/2024 21:56

Trust your gut… which is clearly warning you off marrying her otherwise you wouldn’t be on here. Your relationship isn’t stable enough if you’re already in couples counselling.

PermanentTemporary · 17/12/2024 22:05

I've been with dp 4 years and we're in our 50s. We have bought a house as tenants in common. We have grown up children. Our finances remain pretty separate and our wills leave all our assets to our respective children. The only big disparities are the amount of the house we each own (I have most of it) and his pension and inheritance prospects.

Whatever the reason for her change of heart, I'd say it is completely fine to see marriage as a significant risk to you and not to want to do it. Of course marriage can be romantic, but at this stage of life you also need to be practical. Getting married when neither of you has a pot to piss in is great. Or when as you say you've been together a decade and as a celebration (though even then...) I wouldn't be put over a barrel by someone I'd known this short a time.

Wavescrashingonthebeach · 17/12/2024 22:07

Ohnonotmeagain · 17/12/2024 21:32

What’s an NW? National wage? Nominal worth? North west?

hate the abbreviations with no explanation.

I thought Net Worth was reasonably easy to work out

YankeeDad · 17/12/2024 22:08

JustSomeRamdomGuy · 17/12/2024 20:36

You have a very good memory 🙂

The other thread was mostly focussed on disagreements on a house purchase and some other financial stuff.

I wanted to focus here very specifically on the marriage issue, since this is the very core disagreement which has kind of precipitated everything.

I really just wanted to check myself. I'm losing the people I love most in the world, and don't want to look back with regret or with doubts that I did the wrong thing or didn't make enough effort to see her point of view.

It sounds as though you loved the person you THOUGHT she is. And you have already lost her because she is not actually that person - that person does not exist.

The person she actually is, is showing that she cares very much about getting legal entitlement to your money - and she cares about that more than she cares about your feelings or your well being.

When a person shows you who they are - believe them - even if it hurts to see that.

JustMyView13 · 17/12/2024 22:17

Please, for the sake of your DC do not marry this woman.
And if you do, please scurry away a portion of your wealth into a trust for your DC to inherit. As soon as you marry your then wife becomes entitled to your estate over your children. You have the chance to really leave them a legacy, if you chose to, based on your current arrangements. You’ve worked so hard to get to your current position, I’m sure. And I’m sure most of that motivation was providing for yourself and your family today, tomorrow and beyond. Don’t let the rose tinted glasses get in the way of that.

Choux · 17/12/2024 22:18

JustMyView13 · 17/12/2024 22:17

Please, for the sake of your DC do not marry this woman.
And if you do, please scurry away a portion of your wealth into a trust for your DC to inherit. As soon as you marry your then wife becomes entitled to your estate over your children. You have the chance to really leave them a legacy, if you chose to, based on your current arrangements. You’ve worked so hard to get to your current position, I’m sure. And I’m sure most of that motivation was providing for yourself and your family today, tomorrow and beyond. Don’t let the rose tinted glasses get in the way of that.

The OP doesn't have any DC of his own.

gmgnts · 17/12/2024 22:22

You've been having couples counselling for the past year? And you've never even lived together? And now your DP wants to get married, but only if your considerable finances are completely shared even after divorce?? DON'T DO IT!!

Foreigners88 · 17/12/2024 22:23

Do you love her and see her as a wife or not....

Tigertigertigertiger · 17/12/2024 22:25

Wave her goodbye and move on !

JustSomeRamdomGuy · 17/12/2024 22:25

Choux · 17/12/2024 21:25

I have a NW of roughly £1.5M. DP has a good job and earns quite well (very proud of her) but she only has savings of around 70K. And I do out-earn her currently by around 4X.

*We've done 3½ years, never actually lived together (wanted to but were unable to due to circumstances outside our control), and spent most of the last year in couple's counselling.

We're not currently in a place where we should be talking about marriage at all in my opinion.*

So your relationship is in crisis which is why she is trying to lock in not just the continuing relationship but a legal hold on your £1.5m. She's realised what her future looks like without you in it and only earning only a quarter of what you do. No early retirement in her 50s and traveling the world if you split up.

But I would also say you are possibly a bit naive with your expectations. How do you split finances now? Presumably she can't really afford the type of holidays you go on now. Do you 'treat' her to them? Are they your choice re timing, location etc? As the higher earner holding the purse strings, are dates and activities all what you want to do? I would hate that feeling of being a kept woman having to do what you want to do as you were treating me.

You say you would leave your money to her children if you stayed together. Are you older than her? Men have a shorter life expectancy than women so what would happen if you died prematurely in another decade or two? You leave your money to her kids and she spends the last 10-15 years of her life in poverty while possibly kicked out of the home she shared with you. If you love someone and want to have a future with them it can't be entirely on your terms. Their financial security should also be important to you. You don't want to share your wealth 50/50 but what do you think is reasonable provision to make for her now, if you are together for 10 years, 20 etc.

I don't think this is very accurate.

DP has a good job and career. She can afford whatever holidays she wants, and she does go on holidays without me sometimes (that's fine with me). I live a simple and frugal life and haven't even been abroad in over 5 years. When we do go on holiday together, it's mostly where and when she wants (to fit in with DC). None of this is a problem.

I said I would leave my money to her DC if we split up. If we are together then of course she'll be getting everything. Plus my life insurance which is an additional £800K.

I am not compromising her financial security in any way whatsoever. Entirely the opposite in fact. I've encouraged her to save everything she can (into her own pension and ISAs) because I can easily cover the bills and day to day living expenses. I've encouraged her to build her own wealth, with my help, because it benefits both us as a couple and her individually. That's what working as a team looks like to me.

OP posts:
Happilyobtuse · 17/12/2024 22:28

JustSomeRamdomGuy · 17/12/2024 20:50

If we'd been together 10 years I'd feel a lot better about it.

We've done 3½ years, never actually lived together (wanted to but were unable to due to circumstances outside our control), and spent most of the last year in couple's counselling.

We're not currently in a place where we should be talking about marriage at all in my opinion.

Do not do it. This woman only wants your money. Find someone who loves you and doesn’t care for your money. Ideally someone better financially matched. Less likely to cause disagreements in your marital life. All the best!

Foreigners88 · 17/12/2024 22:37

well, she just does what all the women on mumsnet are advised: do shared finances, pay the bills and divide the left overs 50/50 into your personal accounts.

you love her ....but not enough to consider her a wife like when a man first marries and does not care about the end

NamechangeRugby · 17/12/2024 22:37

Didimum · 17/12/2024 21:29

This is all a bit of a moot point. Pre-nups don’t hold up in court and should you divorce, you can go to court and a judge will make a fair award. Considering you don’t have children and her earnings have not been impacted by the marriage, it’s extremely unlikely she’d be awarded 50% of pre-marriage assets anyway.

This is my understanding, that pre-nups don't hold much legal weight in the UK (I'm assuming the Op is UK based).

I'm really surprised to hear people talking about pre-marital wealth as if it is something which can be hived off in a divorce - can it? That isn't my understanding, although happy to be educated - anyone know for sure? On that and the UK pre-nup situation?

Anyway Op, fwiw - I think you'd be mad to get married.

I've seen first hand a 60+ eccentric bachelor who worked & saved hard, who would have loved to have had a partner earlier in life, until he got one and she swiped the lot with 18 months - definitely fraud involved, got him involved in all sorts of financial schemes with folks who just disappeared - awful. I appreciate that is a different kettle of fish altogether, but some people just gravitate to kind, generous, lonely - those qualities for him added up to vulnerable & prime target.

Take your time here. There is zero rush. And negative need to get pressurised into marriage.

redastherose · 17/12/2024 22:41

I would be you in this scenario, my DP unfortunately died but I wouldn't have married him in any event as I had all the assets and he had very little and what he did have was left to his DC's. There is no reason for her ultimatum other than that she's after your assets. You would've mad to marry her at all. Better to be alone than used as a cash cow!

PeloMom · 17/12/2024 22:44

DaringLion · 17/12/2024 20:10

Sounds like she wants your money more than you

⬆️You’re on the money

Blackbird11 · 17/12/2024 22:52

All sorts of red flags in your relationship without the money issue. I have a lot of wealth and would probably never risk it to remarry. If I did then a prenuptial agreement ring fencing my wealth is a must. I would feel the same if I married a much wealthier partner and not expect their wealth. Please run away from this!

JustMyView13 · 17/12/2024 22:58

Choux · 17/12/2024 22:18

The OP doesn't have any DC of his own.

Thank you! I’ve totally misread the post 🫠😂

I still think she sounds too money focused though.

StormingNorman · 17/12/2024 23:00

JustSomeRamdomGuy · 17/12/2024 20:50

If we'd been together 10 years I'd feel a lot better about it.

We've done 3½ years, never actually lived together (wanted to but were unable to due to circumstances outside our control), and spent most of the last year in couple's counselling.

We're not currently in a place where we should be talking about marriage at all in my opinion.

3 1/2 years and you’ve already spent a year in couples counselling. It’s not supposed to be this hard so early on.

You need to run from this woman and run like the wind. The marriage won’t last and it won’t make you happy because it’s not based in wanting to be together. It’s a commercial arrangement for her.

livelovelough24 · 17/12/2024 23:16

Agix · 17/12/2024 20:11

Do people even have to share premarital assets upon divorce? I thought that wasnt a thing that happened anyway.

@Agix it depends where you live. I think that in UK, yes, you do, but where I live it is not. Everything that you acquired before marriage is yours only. I guess OP is from UK.

OP I agree with everyone that your proposal was more then generous. Just let her leave, you may feel sad now, but after some time, you get better prospective, you will see that it is for the best.