Reply to How much to put into 529s?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Is the $400k your whole inheritance or is that just the intended (inherited) 529 funds?

If you’re inheriting $400k, I’d be concerned by front loading 529s, you’re effectively gifting your inheritance to your kids. In the event of a divorce, that money is gone to you. Why not just keep the bulk in your separate name? If you don’t commingle the funds, you can always use it for college but it’s yours otherwise if you divorce. [/quote]

This seems bizarre to me. I would never treat an inheritance like this as though it’s not mine and my husband’s jointly. And it would still be going to the kids’ college fund anyway. What difference does it make? It’s eye opening that some people treat family finances this way, so glad my DH and I don’t. [/quote]

Check back in if you ever have the misfortune of going through a divorce, and let us know if you still feel this way, assuming you are the person inheriting money from your parents.  [/quote]

Well couples who jointly merge their finances are much less likely to end up divorced.  Having a mindset from the start of "we are a couple, and we do things together and for each other" goes a long way towards a healthy relationship. I've been a SAHP for almost 25 years, I manage the finances and have no concerns.  It is all equally mine as it is my partners.  Because we are a family and have always thought that way (hint: I wouldn't have been a SAHP if my spouse thought "the money they earn is theirs and not the families", then again, I wouldn't' have married someone who thought that way)

If the inheritance was large enough (ie way more than $400K IMO) the persons giving you the inheritance would have set up stipulations thru a trust if they cared about "keeping it in the blood family"---I can see that happening for millions but not for $400K. 
[/quote]

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