My STBX inherited money in 2004, invested it, and is claiming it is all his

[Anonymous]

60K to 4M in 12 years sounds, uh, hmmmm. Really?

[Anonymous]

Anonymous wrote:60K to 4M in 12 years sounds, uh, hmmmm. Really?

LOL You don't know what AAPL is I take it?

Apple stock. In the past 12 years Apple has gone from a simple but expensive computer manufacturer to a global phenomenon. Why? Because the iPod was released 15 years ago.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Of course the inheritance is his. He is being very generous to you giving you the house and paying you alimony for a decade. Take it before he changes his mind.

I would try to get in writing that he will take care of college funds for the kids.

. Put it in the separation agreement that he has to fund each kids 529 plan with 60,000 upfront.

I don't think OP is in a strong bargaining position, folks.

Why should her DH agree, in writing, to fully fund the kids' college tuition on his own? He's already giving OP more than she is legally entitled to.

because he is their father with four million dollars!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Of course the inheritance is his. He is being very generous to you giving you the house and paying you alimony for a decade. Take it before he changes his mind.

I would try to get in writing that he will take care of college funds for the kids.

. Put it in the separation agreement that he has to fund each kids 529 plan with 60,000 upfront.

I don't think OP is in a strong bargaining position, folks.

Why should her DH agree, in writing, to fully fund the kids' college tuition on his own? He's already giving OP more than she is legally entitled to.

because he is their father with four million dollars!

But why should he make it part of his separation agreement with the OP? Presumably, she will be working at some point, and maybe also able to contribute... no? Especially since she won't have a mortgage.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Of course the inheritance is his. He is being very generous to you giving you the house and paying you alimony for a decade. Take it before he changes his mind.

I would try to get in writing that he will take care of college funds for the kids.

. Put it in the separation agreement that he has to fund each kids 529 plan with 60,000 upfront.

I don't think OP is in a strong bargaining position, folks.

Why should her DH agree, in writing, to fully fund the kids' college tuition on his own? He's already giving OP more than she is legally entitled to.

because he is their father with four million dollars!

You people are nuts. There are plenty of wealthy individuals who don't find it necessary to sign a legal agreement for anything that comes after the age of 18 unless the kid is mentally or physically disabled.

Am I willing to fund my child's education? Yes. Am I willing to sign an obligatory fund over to do so? No.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Of course the inheritance is his. He is being very generous to you giving you the house and paying you alimony for a decade. Take it before he changes his mind.

I would try to get in writing that he will take care of college funds for the kids.

. Put it in the separation agreement that he has to fund each kids 529 plan with 60,000 upfront.

I don't think OP is in a strong bargaining position, folks.

Why should her DH agree, in writing, to fully fund the kids' college tuition on his own? He's already giving OP more than she is legally entitled to.

because he is their father with four million dollars!

But why should he make it part of his separation agreement with the OP? Presumably, she will be working at some point, and maybe also able to contribute... no? Especially since she won't have a mortgage.

No mortgage but she will still have real estate taxes and insurance payments on the house. it isn't like she will be living rent free forever.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Of course the inheritance is his. He is being very generous to you giving you the house and paying you alimony for a decade. Take it before he changes his mind.

I would try to get in writing that he will take care of college funds for the kids.

. Put it in the separation agreement that he has to fund each kids 529 plan with 60,000 upfront.

I don't think OP is in a strong bargaining position, folks.

Why should her DH agree, in writing, to fully fund the kids' college tuition on his own? He's already giving OP more than she is legally entitled to.

because he is their father with four million dollars!

But why should he make it part of his separation agreement with the OP? Presumably, she will be working at some point, and maybe also able to contribute... no? Especially since she won't have a mortgage.

No mortgage but she will still have real estate taxes and insurance payments on the house. it isn't like she will be living rent free forever.

Ummm, yes she will. That's the definition of being mortgage free. If she can't find a way to be pay real estate taxes and insurance on a house that someone else bought for her out of the $100,000+ payments they're making to her, she's a fool. Once more DCUM disgusts me. Get a job and carry your own weight.

[Anonymous]

Anonymous wrote:How did he make that much off Apple? I invested in apple in 2004 and I've only doubled my money.

Op are you sure that the inheritance was only $60,000? It doesn't make sense that $60,000 would become $4 million. Are you sure that he wasn't adding other funds (that could be considered joint funds) to his solely held investment account? I totally agree that he is entitled to his inheritance and all appreciation but if there are any joint funds in that $4 million, you should get half. Maybe that's why he's being so generous with the house?

[Anonymous]

Anonymous wrote:60K to 4M in 12 years sounds, uh, hmmmm. Really?

Apple was trading at 2.00 in April of 2004. That's 30,000 shares. Today it's at $107. That's 3,210,000

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Of course the inheritance is his. He is being very generous to you giving you the house and paying you alimony for a decade. Take it before he changes his mind.

I would try to get in writing that he will take care of college funds for the kids.

. Put it in the separation agreement that he has to fund each kids 529 plan with 60,000 upfront.

I don't think OP is in a strong bargaining position, folks.

Why should her DH agree, in writing, to fully fund the kids' college tuition on his own? He's already giving OP more than she is legally entitled to.

because he is their father with four million dollars!

But why should he make it part of his separation agreement with the OP? Presumably, she will be working at some point, and maybe also able to contribute... no? Especially since she won't have a mortgage.

No mortgage but she will still have real estate taxes and insurance payments on the house. it isn't like she will be living rent free forever.

You're right. She will still have bills to pay, so hopefully she will try to find a job soon. Good point!

[Anonymous]

Is like to know why she got divorced.

[Anonymous]

Anonymous wrote:Is like to know why she got divorced.

Why does it matter?

[Anonymous]

Anonymous wrote:

Anonymous wrote:60K to 4M in 12 years sounds, uh, hmmmm. Really?

Apple was trading at 2.00 in April of 2004. That's 30,000 shares. Today it's at $107. That's 3,210,000

You didn't include that the stock split a few years ago. Makes a BIG difference in the final total!

[Anonymous]

I am not sure why the OP didn't investigate all this before she initiated the divorce and reconsider her options. Does divorce minus an expected $4million make one better off than no divorce + $4million? Unless the husband is a mizer, i can't see how it would.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How did he make that much off Apple? I invested in apple in 2004 and I've only doubled my money.

Op are you sure that the inheritance was only $60,000? It doesn't make sense that $60,000 would become $4 million. Are you sure that he wasn't adding other funds (that could be considered joint funds) to his solely held investment account? I totally agree that he is entitled to his inheritance and all appreciation but if there are any joint funds in that $4 million, you should get half. Maybe that's why he's being so generous with the house?

I was thinking the same thing. It all sounds suspicious.