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Reply to "If you are keeping an inheritance separate from marital funds, how do you handle inherited IRA"
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[quote=Anonymous][quote=Anonymous]I haven't read all the replies, but will add this: as the spouse who didn't get a large trust fund and does not benefit at all from my husband's, I was furious when I found out he was paying the taxes he owed on his trust fund from our shared account--to which I was contributing more from my salary, while he wasn't even working. You wealth-inheriting spouses who don't share the wealth are the worst. You don't sound like a great spouse, honestly.[/quote] My DH also inherited about $3M in trusts in an IRA. He takes the distribution he needs to and dumps into a brokerage account in his name only after taking out enough for taxes into our joint account. I don’t really think about it all. We treat it as “our” money that he gets the final word on. To my knowledge, he hasn’t used any of those funds so far but he has said that he intends to use for grad school, weddings and down payment on a first house for our children. It makes total sense to me that in the event that we divorce, he gets to keep the money and spend how he wishes. I hope on our kids but that will be his choice. I think that is what his parents intended and I think he will try to do what they would want. My kids are extremely fortunate as their 529s are fully funded already and so all this is “extra”. [/quote]
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