Reply to 20k and I can't comingle funds

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So many strings. I would give it back. [/quote]

Eh, I offered to give it back but DH says the money is interchangable so I get 20k from my dad it's like issuing 20k less of our money (everything is shared) [/quote]

Do you guys not understand that the father is basically giving you an inheritance early? He’s telling you to put it in a separate account and not commingle it because if you get divorced, that will help it be considered a non-marital asset. What your father is telling you to do is smart and you should follow his instructions. With any money that he gives you. And consider yourself lucky that he is putting these stipulations on it so that you don’t have to be the one to draw that line with your husband. And don’t put any of your personal assets in it because that muddies things. You should be thankful to your father.[/quote]

+1
This is very kind of your father and is good policy.  No matter how good your marriage is, how much your dad likes your DH etc. he wants to use his money to look out for your well-being.  20k is a great amount in that it is just enough to help you significantly in a pinch, but not so much that it likely meaningfully alters your broad financial situation.  Put it in an investment account with your children as beneficiaries. If you're not interested in investing, keep it simple with a VOO or VTI index and let it grow.  It will be a nice financial cushion if you are ever in need and/or provide opportunities to do special things and make special purchases.  I personally love having my own investment account that generates money for me! It's not part of our overall retirement strategy and I don't feel bad if I want to invest in some individual stocks that may or may not pan out (I put 3/4s in index etfs).  I have used gains to buy gifts, to go on trips and there's still far more in there than I initially put in. [/quote]

These are the correct answers. Thread end.[/quote]

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