Reply to Best use for 1.6 million inheritance

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Inheritance is a separate property of the spouse who inherited it. Don’t invest in anything joint - you are gifting your spouse 50%. Is it what you want ?

I would buy a separate rental property or a brokerage account  and put it into a irrevocable solid divorce proof trust with mine and kids names on it. Way too many divorces when kids are off to college in mid 50s…. [/quote]

As a 23-year spouse to someone who received a many millions dollar trust fund and has been very careful not to co-mingle, I assure you, this kind of behavior is one way to ensure that empty nest divorce. My spouse will live a very lonely life because of this kind of attitude. You sound as hateful, paranoid, and insecure as my spouse. Enjoy your money, alone. [/quote]

You are bitter and paranoid. We are not suggesting OP to hold everything separate. She can purchase a rental property in a trust for herself and her kids, and then commingle the trust income with her spouse on family related expenses. But the underlying asset which generates income would be hers only. Not sure how this affects her spouse negatively.

Assets and income from assets can be separate, the trust fund terms can be specifically set to reflect this. If your spouse has a different lifestyle receiving income from his trust fund and not sharing it with the family, that's a different thing from treating the asset separate by placing it into a trust fund[/quote]

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