So is it me or do we tend to over analyze everything?
My latest dilema...My "boyfriend" and I have been together for almost 10 years, we have a 7r old son...for all practical purposes we are "married", but I can't get myself to do it because he has a child from a previous marriage and thus God forbid something happens to him or me, I would not be protected...
I want to move to a place where if a spouse dies, and you own a house, automatically 1/2 of the house is considered to be inherited by the children of the dying spouse...ie. I'd be stuck with paying her off and losing any money I invested in the house, even if my own money paid for 100% of that house...thus I can't get myself to marry him, I can't get myself to buy a house with him without constantly worrying about this...I have known women who have minor children, but because their husbands had children from a previous marriage they were forced to sell the house to pay off their children.
We had a 400K house, for which I gave the down payment and paid more than 1/2 of payments...I could not sleep thinking if something happened to him, I would have to come up with 100K or lose any money I put into the house because of the laws...
I do this with so many things...I drive myself crazy...
Right now I think my only option will be to save enough money to buy a house cash under my name only and THEN marry him...With only one income now, I don't know if it will take us 10 years to save enough to buy a house cash...sigh...
I have about 120K I can use for a house, but if we finance ANY of it, then 60K of that value would automatically go to HIS child and leave me losing out 60K of MY hard earned money...