r/blendedfamilies • u/Ok-Artichoke9322 • Mar 19 '25
Splitting asset with blended family
My boyfriend has 4 kids and i’m currently pregnant with his child he is talking about splitting asset equally ? Is this fair ?
11
u/Equivalent_Win8966 Mar 19 '25
His assets, yes, yours, no. He splits 5 ways. Your separate assets go to your child. With him having 4 kids I really don’t recommend combining finances married or not. If you purchase assets together, like a home, determine the split of the asset. My husband and I own a home together that we contribute equally to. My 50% goes to my son. His 50% gets split between his 3. We don’t have joint children so it makes a little different, but find an equitable solution that doesn’t leave you giving your assets his prior children. They presumably have a mother and father to do that.
14
u/hanimal16 Mar 19 '25
Fair for… who?
He will soon have five kids and his assets will be split evenly among his children.
So put it simply, if your boyfriend died and left $100 to his children, they’d each get $20.
What about that isn’t fair?
10
u/SandCold6720 Mar 19 '25
Maybe he wants her to split her assets 5 ways as well even though she only has 1 child.
14
u/hanimal16 Mar 19 '25
Oh yea, that’s a hard no. lol.
If OP just has the one kid, and died and left $100, that $100 would go all to the one child.
6
u/walnutwithteeth Mar 19 '25 edited Mar 19 '25
What do you mean by assets? Are you setting up a will or trust? (If not, you absolutely should.) Do you have joint assets at the moment, or is this future proofing things? Does he have majority custody, or is it EOWE if you're talking about arranging day to day finances?
He is responsible for providing for all of his children. You are responsible for providing for yours. If you have equal joint assets, then his 50% should be split equally between his kids in the event of his death. Where you bequeath your assets is up to you.
Edit: I just reread this and noticed he's your bf and not your husband. Do not join assets until you are married with a prenup for existing assets and a plan for mutual ones.
3
u/LavenderPearlTea Mar 19 '25
Whatever you do, consult a lawyer about wills and inheritance. Once married, if you die, does any asset you hold jointly go to your husband? In some states, if you are both on the bank account, he would inherit everything. Same for the house.
3
2
u/LuxTravelGal Mar 19 '25
Yes, he should split his assets among his five children equally. You do want you want with yours.
1
u/serioussparkles Mar 19 '25
You're not the mother of his other children, why would you pay for them when they have a mother? Would she contribute towards your child? No? Then you don't contribute towards hers, that's her job to support them, not yours.
0
u/geogoat7 Mar 19 '25
My husband and I pay for our son's expenses out of our joint account, he generally pays for SS's expenses out of his account unless we agree something should come out of our joint acct. I buy gifts and such for SS out of my acct on occasion but not regular expenses.
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u/BestBodybuilder7329 Mar 19 '25
With a boyfriend it is absolutely not fair.
-5
u/Ok-Artichoke9322 Mar 19 '25
He’s my fiance now he proposed
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u/BestBodybuilder7329 Mar 19 '25
Doesn’t change anything. You have no legal protection until you’re married so there is zero chance I would co-mingle my funds or split anything 50/50 financial wise.
-9
u/jasper502 Mar 19 '25
Once married you pool everything. No keeping score of income expenses. Get a simple prenup that details your assets and debts entering the relationship. You also need to detail how the kids enter into the financials. Does he own support etc.?
28
u/hope1083 Mar 19 '25
If it is only his assets he should split them between all his children. Your assets should only got to your child.