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Reply to "Spouse inherited $3 million"
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[quote=Anonymous][quote=Anonymous]I'd spend about 3% of the inheritance per year on whatever you wanted, including things like reducing hours at work, better vacations, more reliable cars, or expenses on upgrading to a single family home instead of your townhouse, etc. The 3% number should roughly ensure that you don't blow it all during your lifetime but also allows you to enjoy some of it now. This is roughly what we do with my spouses's inheritance. We also bought a second home fully paid for and jointly titled, which gives me at least some protection as the spouse that has not earned as much during our marriage due to raising children and being a trailing spouse. [/quote] How does it give you some protection? If you divorce, the joint titling won't really matter. He should be able to trace the funds out and they'd belong to him. [/quote]
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