Reply to Best use for 1.6 million inheritance

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[quote=Anonymous][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]

Are you struggling without the inheritance?   I ask because I think DH will receive an inheritance and I will not, and if he's careful not to commingle I wouldn't be particularly upset because it goes to our kids eventually.  I might even be able to loosen the savings strings a bit and spend more on day-to-day with that safety net in the background.

If you're living on rice and beans while your spouse is living it up on separate funds I could see that being very upsetting.[/quote]

Exactly: there are trust funds that are structured in a way that the recipient of the income can use this income on his/her daily needs. It's up to a spouse whether to use inheritance on family needs. But the underlying asset remains separate property which is protected in divorce/remains with ex spouse who received it. This is done to protect children interests in the first place, so that inheritances are not diluted in subsequent remarriages/go to  steps and other "no blood line" relatives down the line.

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