Each have your own bank account for deposits and day to day spending. Have a joint account for common bills and month to month type spending (more thought out larger purchases)
Contribute to bills based on income. It is not fair for 1 person of lower income to be strapped for cash every month and feel a lower sense of worth as you need to pay for everything every time you go out. I would rather pay more each month towards bills and have my partner treat me to some dinners or what not which brings us both joy than save a few bucks on bills but balance it out by paying for everything when we go out.
Seek legal guidance for confirmation but as long as you turn the condo into a rental before you are married and don't live at the property, leaving it in only your name, you can sell at any point without your partners permission or knowledge. If you are concerned about this being your largest asset, speak with a lawyer and perhaps letting it run itself on the back burner is your fall back nest if ever needed.
I did ask my father in law over a lunch downtown. I think it comes down to the relationship you have with the father in law and whether or not you care about his thoughts. I have friends who have met their wives dads a handful of times and skipped the whole asking process while others see them on the regular and want to ensure the respect remains.
Does anyone know if there is such thing as a much more simple prenup? Something that essentially wipes out any obligation of spousal support but everything else would remain in the courts hands if not agreed on privately? I have spoken with a number of people who feel this is the fairest option which includes couples on different income levels but have never heard of anything other than spending a good chunk of money on a full out prenup.
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