20k and I can't comingle funds

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So many strings. I would give it back.

Eh, I offered to give it back but DH says the money is interchangable so I get 20k from my dad it's like issuing 20k less of our money (everything is shared)

Do you guys not understand that the father is basically giving you an inheritance early? He’s telling you to put it in a separate account and not commingle it because if you get divorced, that will help it be considered a non-marital asset. What your father is telling you to do is smart and you should follow his instructions. With any money that he gives you. And consider yourself lucky that he is putting these stipulations on it so that you don’t have to be the one to draw that line with your husband. And don’t put any of your personal assets in it because that muddies things. You should be thankful to your father.

This inheritance is for you and not your spouse. Please follow his instructions. And be thankful. It is has nothing to do with your spouse. And if you don't understand this......you are not up to speed on inheritance rules.

[Anonymous]

You will be so happy you have that after you divorce. Your father is giving you an amazing gift- not only the money, but the instruction to keep it separate and being able to blame it on him. Thank him.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So many strings. I would give it back.

Eh, I offered to give it back but DH says the money is interchangable so I get 20k from my dad it's like issuing 20k less of our money (everything is shared)

Do you guys not understand that the father is basically giving you an inheritance early? He’s telling you to put it in a separate account and not commingle it because if you get divorced, that will help it be considered a non-marital asset. What your father is telling you to do is smart and you should follow his instructions. With any money that he gives you. And consider yourself lucky that he is putting these stipulations on it so that you don’t have to be the one to draw that line with your husband. And don’t put any of your personal assets in it because that muddies things. You should be thankful to your father.

This. When I give my kids money, it will be with this stipulation, even if I adore their future spouses. It’s because I want my money to go my descendants. I have seen too many examples of commingled funds, death/divorce and children of the first marriage getting cut out from their grandparents’ money. Make your kids the heirs to whatever is in there. Your DH sounds like a good guy. He is right that if you have your own money, it’s less money you have to draw from the common accounts for splurges. Also, could be a way for you guys to pass things on to your children.