Are there any downsides to marrying into a rich family?

[Anonymous]

There are lots of trolls replying on this thread.

[Anonymous]

Anonymous wrote:There are lots of trolls replying on this thread.

Where? I don’t see them.

[Anonymous]

Anonymous wrote:My in-laws have at least that much from the sale of a business but are extremely miserly. They’ve made it clear it will be divided evenly when they die but other than that we are on our own, and always have been.

Its smart to keep money as they may live long and need decades of healthcare and nursing services.

If they were big spenders, they'll spend all of their money and leave nothing in inheritance.. Luck you!

[Anonymous]

Someone who has a net worth in the millions is not posting on this crappy little board.

[Anonymous]

Anonymous wrote:I married into a wealthy family worth about $20M. It's been wonderful in nearly every way and I am so grateful to be in this position. In-laws gave generously over the years until they passed away and we inherited 1/4 of their estate. In life, they funded private school, 529 accounts and hosted us on family vacations. I hope to pay it forward to my kids. They were lavish in some ways - pricey real estate, but practical in others - never flew private, but did fly First. I appreciated that they were not heavy-handed with advice or expectations. Never felt any strings attached to their monetary gifts.

This has been my experience too. DH and I can work at meaningful jobs we love and the kids can still go to private schools and nice vacations. We don't have to save for college.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have to laugh that net worth $20M isn’t rich. Haha.

For one individual maybe. Split among a large family, not at all.

This, all day long. For a couple that’s 65 years old $20M is reaching nirvana. Split it up among 3 or 4 kids and it’s a nice start. Also, at that level, there are federal (and likely state) estate taxes due. Still, it’s a nice start for the kids.

[Anonymous]

No. There are no downsides

[Anonymous]

Anonymous wrote:Someone who has a net worth in the millions is not posting on this crappy little board.

Of course there is and I am one of them.

[Anonymous]

Anonymous wrote:Someone who has a net worth in the millions is not posting on this crappy little board.

Do you think we’re talking about it out loud in real life instead?

[Anonymous]

Anonymous wrote:Someone who has a net worth in the millions is not posting on this crappy little board.

Yes, I am

[Anonymous]

Anonymous wrote:

Anonymous wrote:It entirely depends on the family. Expect a prenup.

Child support trumps prenups. If you think there will be a divorce, do it when the kids are young

No wonder so many modern women cannot find a suitable mate. About 97% of men are not "suitable" due to your ridiculous standards. And for the other 3%, you're scheming from the get-go as to how to extract as much money from him as possible. Gee, I wonder why the top 3% men choose to sleep around with all the women throwing themselves at them instead of being tied down to one gold digger - it's a real head scratcher.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I married into a wealthy family worth about $20M. It's been wonderful in nearly every way and I am so grateful to be in this position. In-laws gave generously over the years until they passed away and we inherited 1/4 of their estate. In life, they funded private school, 529 accounts and hosted us on family vacations. I hope to pay it forward to my kids. They were lavish in some ways - pricey real estate, but practical in others - never flew private, but did fly First. I appreciated that they were not heavy-handed with advice or expectations. Never felt any strings attached to their monetary gifts.

This has been my experience too. DH and I can work at meaningful jobs we love and the kids can still go to private schools and nice vacations. We don't have to save for college.

Yeah it’s interesting to me that people don’t think 20-30m is enough for generational wealth. That’s just nuts. My parents have around that and they gave me cash for my house and I dont really have a lot of money stress bc I know they’ll always help out. Sure 100m would be lovely but at that point it’s just more…stuff.

[Anonymous]

I figured there was dysfunction, but I was unprepared for the level of generational trauma related to untreated mental illness and child abuse. You also weren’t supposed to talk about it, just throw money at the problem. Only not actually investing in fixing it, just covering it up.