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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My DH is just really not skilled at managing money.  He grew up poor while I grew up middle class and by the time that we married in our early 30s, he was just scraping by while I had built up a nest egg of about $100K.  We have been married for 10 years and during this time, I have pretty much been the sole breadwinner and manage our investments (retirement, savings, education, etc...).  I make about $130K, so we are okay financially, but DH's approach to money really has me worried.  Because we have money in the bank, he doesn't ever think about how much something costs or seem to be able to put costs into context.  He doesn't look at price tags in stores.  Racks up $100s in phone bills every month (calling friends and family who live overseas).  Buys a new laptop and a new phone at least once a year.  And then the recent kicker:  Decided to take a $7K trip to visit family without even considering that we should maybe think about whether we can afford it.  To be fair, I should say that overall, it is not that the amount of money that he spends is outrageous, as he has pretty limited interests, it is more the fact that he just doesn't bother to consider what anything costs.  And he doesn't worry about saving or planning for the future.

So this is frustrating for me day-to-day (I am a pretty conservative spender), but my real concern is what would happen if I died.  My DH does not work right now and his job prospects are pretty limited (he doesn't have a college degree).  I have a reasonable amount of life insurance and a healthy 401K, but I really don't know what he would do if he suddenly had all of this cash at hand.  That money, along with our assets (cash and otherwise), would need to get the kids through college and [b]my DH for the rest of his life[/b].  He would need to be really conservative and I just don't see that happening.  For example, it wouldn't surprise me if he decided to buy a new house or an expensive car, just because he had the money.

So what do I do?  I feel like I need to set up a will that leaves a substantial amount of assets to a trust for my children, to be managed by somebody else, but that seems like a terrible thing to even consider.

[/quote]

Why on earth would you think you have to provide for your DH for the rest of his life if you were to die young????[/quote]

OP here.  Is that really so unusual?  That I would want DH to be financially secure if I were to die young?  I would want this for him, as well as for my children when they are adults.  I have friends who have parents or in-laws that have serious financial struggles and that is a tough situation.[/quote]

How does it feel to be a sugar momma?[/quote]

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