Reply to moral/ethical dilemma regarding trust fund spending

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[quote=Anonymous]I am one of those lucky people who have family money.  My father set up a trust for his kids a few years ago, and we are able to "borrow" (well, really take money) from it.  Here is my dilemma: we currently live in suburb (similar to vienna in terms of commute to DC).  I SAH (not using $$ from trust, simply on DH's salary), DH works in DC.  We have 1 child, another due in the spring.  Our house is great, there are certainly some things we would change about it if we could, but certainly nothing that would precipitate a move anytime soon.  However, DH's commute is terrible, and with the build-up of tysons, it's just going to get worse.  He is not in a job where he can telework, so he needs to travel to DC every day.  With the money in the trust, we could easily afford a house in mclean or arlington, but unless we are wanting to come down pretty far from our current house, we would be spending a lot of money-over $1 million (I know there are many houses out there for less, but my point is that for what we are used to, that would be the housing range-STARTING housing range-we would be looking at).

Part of me is horrified at the mere idea of using money that I/we did not earn to buy a house in excess of $1 mil.  I feel like that is the height of frivolous...we already have a pretty darn great life with what we have.  On the flip side, having DH's commute lessened would be wonderful...he would love to spend more time with DD (soon to be DD and DS), I would love to see more of him, as he leaves often prior to 7 and doesn't get home until after 7 due to traffic.  And what is the money there for if not to use?  There will be plenty left over for college education and even private school education k-12 even if we borrow a hefty chunk for a new house.  I just have a hang up that it's ridiculous, and we're looking at houses that would be bought not on our own merit (that being said, we bought our current house with my parents' help before the trust was created, but only needed a small amount to help, nothing like what we are talking about now).

WWYD?  [/quote]

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