Reply to If you knew you would inherit $6M, would you do things different?

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Reply to "If you knew you would inherit $6M, would you do things different?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We will inherit $7-10M from my in-laws. The only thing we are changing is skipping LTC insurance. We can self insure it if we half to, but in all likelihood will interest before it would happen. [/quote]

And what are you going to do if your spouse divorces you? That money will not be yours. it is all his.

I hope you are insisting on saving for your retirement.[/quote]

Good advice.[/quote]

Not enough for "retirement" but when I found out my (now) ex was cheating for sure with a woman at work, I consulted a lawyer and she told me to take out exactly half of our savings and put it into an account in my own name. He absolutely freaked his s*** but he also couldn't argue with me that he'd been having an affair. He's still with that woman. And we're still legally married.

but I put around 300K into an account in my own name and put it into an annuity that I've never touched.

I also regularly started to move money even in small increments into that account in my name. I have like 600K now.

Not enough to retire but it's certainly a protection and he can't touch it. Even if we divorced, our net worth would still make that money entirely mine, cash available. [/quote]

What makes you think he can't touch it if you divorce?  Isn't he entitled to half of all marital property?  You obviously made the right move to get some money under your sole control for now, but ultimately, isn't it all part of the marriage and subject to division in a divorce?  I keep a separate brokerage account for similar reasons, but I don't think it's my sole property. [/quote]

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