Reply to Inheritance/gift to child and spouse or just child?

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Reply to "Inheritance/gift to child and spouse or just child?"

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[quote=Anonymous]People seem to take a different approaches in their relationships and all that really matters is that the people involved agree.

For my part, my spouse and I share everything that comes into our marriage.  We are a single unit in terms of our finances.  Interestingly, though, each of us keeps a separate account that the other could theoretically access but never does.

To my thinking, gifts and inheritances aren’t different in any material away from other money that comes into our marriage. Some of our money we have because I did not need to pay off the school dance because my parents paid for my schooling.  so that additional wealth is attributable to my parents, like a gift or inheritance, but doesn’t change that my husband and I share all finances.  similarly, when I have given money to family members on my side for (emergency medical issues), that doesn’t come out of my half of any ledger in our marriage. It just comes out of our collective pot.

Some families are different, but this is how we see it and it works for us.[/quote]

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