Reply to Explain to me the financial risk of SAH if partner is a high earner

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[quote=Anonymous]My father is retired now, but was a partner in a law firm. Parents have been married over 50 yrs and my mother taught elementary school and then became a SAH. I don’t know the other details of their financial agreement but I remember my mom telling me that our primary residence and our vacation home were both solely in her name. She said this was to give her those assets and also (she claimed) if something ever happened like my dad’s firm facing a major lawsuit or similar catastrophe it would protect the homes. No idea if that would have been the case because luckily neither business disaster nor divorce happened. My mother also inherited money that she wouldn’t touch generally but now and then if she and my father disagreed on whether to spend money on something she would. I think, generally, when he saw she was that serious about something, he’d agree to it. But these days if I had an arrangement like that I’d want my own bank account / discretionary fund - or maybe even work out a salary. I also remember when my father insured my mother for well over a million and she was surprised and he said “do you have any idea how much I’d have to pay someone to care for the kids, manage our household bills, grocery shop, take the pets to the vet, etc”. [/quote]

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