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Reply to "Man marrying into a rich family"
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[quote=Anonymous][quote=Anonymous]I have a question about how this works in practice for uber-wealthy family. When a man marries the daughter in a very, very rich family (like CEO of a Fortune 500 company), how "lucky" financially is this man? Or is it structured so that there is only shared money between what he and the wife make during the money, and that any inheritance will go to the wife/kids? So in other words, while his life will of course be monumentally different and probably help with down payments or buying them a house, the majority of the wealth will be structured so that it belongs to the daughter and not the man marrying into the family? [/quote] NP. I know someone who did this. Now in his fifties, it is not a good situation. He was a very hard worker and provider for his family, and she stayed home. She has significant trusts in her name and in the name of her kids. Her parents contributed some money for a down payment but for the most part, their daily lifestyle entirely depends on his work, except for expensive vacations put on by her parents (where they vacation with the parents). He is exhausted now from years of work (50-60 hour weeks since they married). He wants to retire. If they were willing to allow her trusts to be touched, they could. But she and her family will not allow the trusts to be touched, and she will not agree to a downgrade in lifestyle. She is also refusing to work, and has threatened that if they divorce, she will sue for full custody and lifetime alimony, which she has a good chance of getting (they’d pay for the best lawyer, he could not afford one they would pay for). So, essentially, his labor is building their family trust that he can’t touch, and the power differential is threatening to keep him from his kids. He is trapped. Watching this all play out, I would never recommend a son marry into that sort of situation. It is extremely toxic. [/quote]
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