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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:
Spirallingdownwards · 19/12/2024 07:19

LondonLawyer · 19/12/2024 07:03

If you are in England & Wales, there's no such thing as a "fully legal prenup". It's a factor to be taken into account, but a court can over-rule it.

No but there have been significant changes and are often upheld

Spirallingdownwards · 19/12/2024 07:20

ATuinTheGreat · 18/12/2024 18:08

Why on earth have you got a £800k life insurance policy when you are not married, don’t live with a partner and don’t have any kids?

Did she encourage you to get that huge policy for her as well or did you have it before?

Edited

They are often provided by your employer and based on what you earn. My husband has similar.

MoonWoman69 · 19/12/2024 07:33

If I'm honest, I'd run a mile. I can understand her wanting to make sure her future is solid, but it sounds like she's very invested in getting more than her fair share out of this marriage.
Your plan sounds sensible to me. You've clearly thought it out and it's more than reasonable in my opinion.
Do you really want to end up in a marriage where she rinses you dry and then moves on, potentially leaving you with nothing?
I would seriously think long and hard about this before committing.
Good luck with whatever you decide to do x

Roselilly36 · 19/12/2024 07:47

I think the plan sounds a sensible one, her reaction to it speaks volumes. Tread carefully.

jeaux90 · 19/12/2024 08:07

Don't marry OP. I'm early 50s high earner, assets and a lone parent.

My partner and I don't live together, he has assets etc

We have no plans to get married, I mean why ? Why do you need to?

In fact if you continue to invest it will
make no tax sense in terms of living together and let's say you want to then sell a property for example.

Don't do it.

LameBorzoi · 19/12/2024 08:14

I think this relationship is well and truly over.

If she were planning on staying married to you, she should be quite happy with your plan.

BIossomtoes · 19/12/2024 08:18

LameBorzoi · 19/12/2024 08:14

I think this relationship is well and truly over.

If she were planning on staying married to you, she should be quite happy with your plan.

She’s told him in as many words that it’s over. She doesn’t want to marry him, she doesn’t want to live with or be anywhere near him yet he’s clinging on like shit on a blanket. Even though he’s been told unanimously over two threads to run for the hills, still he persists. This man is an idiot.

rewilded · 19/12/2024 08:23

I wouldn't marry her. It is a sad situation. All the best OP.

Grannyinnwaiting · 19/12/2024 09:14

I don't think you should get married just yet- unless you have health issues and need to protect your money from IHT by leaving it to your wife.

DH and I have a large wealth disparity. We were together for
10 years before I inherited significant assets and cash. We were used to maintaining seperate finances though l paid for more as the higher earner. This enabled DP to invest and save effectively and we both retired early. We married 3 1/2 years ago by which time we had huge trust. Since then we've built on that trust and I pay for increasingly more - i bought an additional country home in both names and am paying for the renovations. I also pay for our holidays, trips for his parents , cars etc - but it took us both 16 years to feel comfortable with that. Accounts are all still in my name - we share one currrnt account and DH still contributes to bills.

deeahgwitch · 19/12/2024 09:24

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?

This 💯

deeahgwitch · 19/12/2024 09:29

You spent most of the last year in couples counselling, @JustSomeRamdomGuy !!!
You're in a 3 and a half year relationship but spent most of the past year in couple counselling Shock and don't live together.
That really doesn't bode well for the future.

TwistedWonder · 19/12/2024 09:47

OP I don’t understand why you’re putting so much time and effort onto a relationship that doesn’t work. This isn’t a 20+ year marriage you’re fighting to save. Needing couples counselling for a pretty short term relationship where you don’t live together really is flogging a dead horse imo

summerinsiam · 19/12/2024 12:31

JustSomeRamdomGuy · 18/12/2024 16:45

I'm very grateful to everyone that has taken the time to share advice here.

Having said that, there are definitely some overactive imaginations here. No, she's not going to murder me and take the money. No, she hasn't got a secret lover that's putting her up to it. No, she's not a gold digger who's been planning the whole thing for the last 3 years. She doesn't even know how much money I have.

We clearly have different values, and the situation very sadly looks irretrievable at this point. But underneath, we are both good people who have shared many many happy times together, and I wish her nothing but the best for the future.

I'd ask people to please be kind in your comments and avoid name calling and conjecture. It's actually quite upsetting to read.

Steady on, love. You're the one who has posted two threads about her unreasonable demands - all coincidentally centred around money. Called her "borderline abusive" and stated: "And the current conversation is uncomfortably close to sounding like "I'm leaving you unless you give me lots of money".

You must have lived a very sheltered life if you think posters calling this woman out for being a gold digger (which is pretty much what you have described, any way) is "name calling and conjecture".

You must have never read a newspaper, either, or you'd be aware of any number of women bumping off men to get their hands on their money. It really isn't far-fetched at all.

She doesn't sound like a nice, warm, decent, or good person at all. But again, we only have your word on all of this, and you have painted her as unreasonable, manipulative, demanding, and borderline abusive. And indeed, you have painted her as an absolute gold digger, and said that while you don't think she is a gold digger she is acting like one. So...

Foreigners88 · 19/12/2024 12:36

People who havent read his other thread cannot see how much the womab loathes him and he keeps pestering her, flogging his dead horse. She has had enough of him and either he goes away in peace or they get married and she fleeces him off , leaving him because she cannot stand him. How this is still not clear

Foreigners88 · 19/12/2024 12:36

woman

Foreigners88 · 19/12/2024 12:40

BIossomtoes · 19/12/2024 08:18

She’s told him in as many words that it’s over. She doesn’t want to marry him, she doesn’t want to live with or be anywhere near him yet he’s clinging on like shit on a blanket. Even though he’s been told unanimously over two threads to run for the hills, still he persists. This man is an idiot.

Absolutely. One of his kind female companions on here commented on my other comment: Good Lord.

What is good lord about it here. A woman telling a man she absolutely cannot stand him multiple times and him pestering her for a marriage but with a partial marriage offer. Of course she will be sarcastic and tell him : buddy, marriage and 50 / 50 because it is over!!!!!!!!!!!!!!!!!!!!!!!!!! get it. Or go in peace now.

gold digger lol. She just has a mature head on her shoulders dealing with a cry baby who is clingy and 63

Bigcat25 · 19/12/2024 12:45

I think it's a completely wild request on her part, and what you are offering is already more than generous as well as reasonable.

I would try counselling if she's open to it, she sounds fixated. I understand the "all in" philosophy of marriage, but the turnaround on her part seems strange. You put up with a lot of stress to get where you are and didn't spend a lot of what you earned, it's not fair that you'd loose half of it.

summerinsiam · 19/12/2024 12:47

I would try counselling if she's open to it

They've "spent most of the last year in couple's counselling". It's in the OP.

Wherearemymarbles · 19/12/2024 13:01

The mask has slipped. She has got you hooked. She is marrying you for your money.

TheFormidableMrsC · 19/12/2024 13:03

@JustSomeRamdomGuy I think you're being a bit defensive here. You've posted two almost identical threads except you left out how cruel she'd been to you from the first one. You've been in this relationship for 3 years, almost half of which you've been in counselling. It should not be this hard in a relatively short relationship. I don't know what you want from us. Everybody who posted here and on the other thread have all said the same thing. Yet I have a feeling you will plod on with this, marry her and then be back here telling us she's taking you to the cleaners. You deserve better than this!

PaterPower · 19/12/2024 13:19

I understand that it’s painful for you, but I think you’ll look back on this and feel relieved.

Any relationship that ‘needs’ the intervention of a counsellor, after only a couple of years, doesn’t look the strongest prospect for a happy marriage.

OldLondonDad · 19/12/2024 13:21

Two seperate things...

First, your position if you were to divorce would probably be pretty solid. Assets each party had pre-marriage are generally excluded from being divided, unless they need to be shared to take care of a basic need (i.e. housing) for the less well off person. Doesn't sound like that would be an issue. So, although there is no guarantee, by default the law should protect you, so long as you can make it clear that you had that money/assets before getting married. It would be extremely rare for you to have to divide everything 50-50 including what you already have.

Second, this woman sounds a nightmare and what on earth are you even considering this for? I hadn't seen your previous thread but on reading literally just your first post, I'd suggest you end the relationship. Why are you trying to claw your way back into her good graces when she told you she didn't really like you anymore and it appears the only reason she's sticking around is you have money. Dump her!!!

JustSomeRamdomGuy · 19/12/2024 13:43

TheFormidableMrsC · 19/12/2024 13:03

@JustSomeRamdomGuy I think you're being a bit defensive here. You've posted two almost identical threads except you left out how cruel she'd been to you from the first one. You've been in this relationship for 3 years, almost half of which you've been in counselling. It should not be this hard in a relatively short relationship. I don't know what you want from us. Everybody who posted here and on the other thread have all said the same thing. Yet I have a feeling you will plod on with this, marry her and then be back here telling us she's taking you to the cleaners. You deserve better than this!

I posted this new thread because I specifically wanted advice/opinions on what are fair/equitable expectations of marriage for older people with wealth disparity.

Lots of people have offered kind and thoughtful advice on that specific topic.

The people speculating on the reason why we went to therapy or were not living together is not helpful at all (they are also all completely wrong). Nor is reading my previous post and calling me an idiot and my ex a gold digging bitch.

Yes, there were discussions under my previous post. They were helpful to me in that context. But this is a different post and it now it would be much more helpful to me if people could limit their advice to the actual question I'm asking in this post.

OP posts:
TheFormidableMrsC · 19/12/2024 13:51

@JustSomeRamdomGuy I wish you the best of luck with it all as I can't help here!