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Reply to "Inheritance/gift to child and spouse or just child?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Professionals in the field will tell you child only. [/quote] So people with entirely co-mingled finances would be expected to set up a solo account? I get why that's smart for asset protection but IRL it seems cold AF, like the person sees the writing on the wall. [/quote] This is what my husband did. I hate him and his parents and it truly ruined my adult life with him and didn't make for a happy household for our children. Three more years and I'm out, and I will find some way to sue him for something, since we have had to spend every dime that I have earned while he sits on his trust funding not spending a dime of it without a care in the world (he doesn't have a job). You rich people are horrible and should be left to die alone. My husband and his parents will have only each other and I hope they are miserable in their old age. When my kids are adults, they will know exactly who these people are and I promise you will never give them the time of day.[/quote] If the trust fund is big enough- quit. He can either pay the bills or not[/quote] It's many millions of dollars. But he won't pay the bills. Then what do the kids and I do? I make just enough to cover our bills and I can't afford a new house in this area, so would have to move elsewhere. My only hope is that I can leave in a few years and he will see fit to atleast not make my buy out his half of the house. To OP: is this what you want? A spouse who hates you? Especially because you're the one inisting he not be included? You sound awful. You and all your kinds are awful. [/quote] OK, this makes no sense. Is the house paid for? You'd probably get 1/2 the proceeds if it were sold and you can use that to rent or buy a new house. And, so what if you have to move? If he has millions and will not pay the bills, you rent an apartment, even 2 bedroom, move out with the kid sand file for divorce. Why keep supporting him if he's not an equal partner and holding on to money? What will happen with college or anything else? Move on. You deserve better.[/quote]
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