Anonymous
Post 01/14/2017 21:53     Subject: Re:Protecting money you gift adult kids for a house

Anonymous wrote:Oh, that makes more sense.

Thanks for mansplaining how I should handle leaving my career to raise my children.

And PP - divorce surrounding money is a leading factor in bankruptcy and other financial emergencies. You lose love, maybe your kids , - but if you protected your assets you don't lose your quality of life. Or kids.

Because I can always provide for my kids I will never be in trouble. That gives me complete freedom. Lots of people on here hate their spouse but are financially trapped. We aren't, because like adults, we considered all possibilities before we wed.


LOL. Nice try, but my wife--who, by the way, is a SAHP--feels the way I do. But feel free to keep grasping. Now I'll be the "mansplainer" instead of the "bullshit woman."
Anonymous
Post 01/14/2017 21:52     Subject: Re:Protecting money you gift adult kids for a house

Anonymous wrote:Oh, that makes more sense.

Thanks for mansplaining how I should handle leaving my career to raise my children.

And PP - divorce surrounding money is a leading factor in bankruptcy and other financial emergencies. You lose love, maybe your kids , - but if you protected your assets you don't lose your quality of life. Or kids.

Because I can always provide for my kids I will never be in trouble. That gives me complete freedom. Lots of people on here hate their spouse but are financially trapped. We aren't, because like adults, we considered all possibilities before we wed.


You mentioned up thread that you had massive wealth. Wouldn't that leave you with more than enough even if you split it with your DH?
Anonymous
Post 01/14/2017 21:49     Subject: Re:Protecting money you gift adult kids for a house

Oh, that makes more sense.

Thanks for mansplaining how I should handle leaving my career to raise my children.

And PP - divorce surrounding money is a leading factor in bankruptcy and other financial emergencies. You lose love, maybe your kids , - but if you protected your assets you don't lose your quality of life. Or kids.

Because I can always provide for my kids I will never be in trouble. That gives me complete freedom. Lots of people on here hate their spouse but are financially trapped. We aren't, because like adults, we considered all possibilities before we wed.
Anonymous
Post 01/14/2017 21:43     Subject: Re:Protecting money you gift adult kids for a house

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Don't feel sad it's a provision of my trust. I've trusted him with my life. There is no such thing as a way to "share that trust". I pay for expensive things like his Mba (102k) , 200k of our downpayment on top of our 200k, our vacation home by using money that I legally separated from the trust.

Again- if you feel comfortable losing half of your wealth if your spouse bails on you- good for you! You are very generous.



I do feel comfortable with that, because I trust my marriage. You trust your trust--hence your using it as a hedge if your spouse "bails" on you.


But- you have nothing to lose. I trust my marriage too .

Another bullshit woman decrying a woman doing the EXACT thing everyone would advise a SAHM to do.


So only wealthy people have something to lose when a marriage goes South...ok.
Anonymous
Post 01/14/2017 21:42     Subject: Protecting money you gift adult kids for a house

Oh, and I'm a guy, by the way.
Anonymous
Post 01/14/2017 21:42     Subject: Re:Protecting money you gift adult kids for a house

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Don't feel sad it's a provision of my trust. I've trusted him with my life. There is no such thing as a way to "share that trust". I pay for expensive things like his Mba (102k) , 200k of our downpayment on top of our 200k, our vacation home by using money that I legally separated from the trust.

Again- if you feel comfortable losing half of your wealth if your spouse bails on you- good for you! You are very generous.



I do feel comfortable with that, because I trust my marriage. You trust your trust--hence your using it as a hedge if your spouse "bails" on you.


But- you have nothing to lose. I trust my marriage too .

Another bullshit woman decrying a woman doing the EXACT thing everyone would advise a SAHM to do.


LOL. First you told me I'd lose "half of [my] wealth." Now you're telling me I have nothing to lose. Which is it?

And m advice wouldn't change with a SAHP; I'd suggest every man or woman, regardless of WOH/SAH status stay clear of partners who shield money from their marriages.
Anonymous
Post 01/14/2017 21:41     Subject: Re:Protecting money you gift adult kids for a house

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Don't feel sad it's a provision of my trust. I've trusted him with my life. There is no such thing as a way to "share that trust". I pay for expensive things like his Mba (102k) , 200k of our downpayment on top of our 200k, our vacation home by using money that I legally separated from the trust.

Again- if you feel comfortable losing half of your wealth if your spouse bails on you- good for you! You are very generous.



I do feel comfortable with that, because I trust my marriage. You trust your trust--hence your using it as a hedge if your spouse "bails" on you.


But- you have nothing to lose. I trust my marriage too .

Another bullshit woman decrying a woman doing the EXACT thing everyone would advise a SAHM to do.


DP here. Why are you certain that the PP is a woman? I am just curious.
Anonymous
Post 01/14/2017 21:37     Subject: Re:Protecting money you gift adult kids for a house

Anonymous wrote:
Anonymous wrote:Don't feel sad it's a provision of my trust. I've trusted him with my life. There is no such thing as a way to "share that trust". I pay for expensive things like his Mba (102k) , 200k of our downpayment on top of our 200k, our vacation home by using money that I legally separated from the trust.

Again- if you feel comfortable losing half of your wealth if your spouse bails on you- good for you! You are very generous.



I do feel comfortable with that, because I trust my marriage. You trust your trust--hence your using it as a hedge if your spouse "bails" on you.


But- you have nothing to lose. I trust my marriage too .

Another bullshit woman decrying a woman doing the EXACT thing everyone would advise a SAHM to do.
Anonymous
Post 01/14/2017 21:29     Subject: Re:Protecting money you gift adult kids for a house

Anonymous wrote:Don't feel sad it's a provision of my trust. I've trusted him with my life. There is no such thing as a way to "share that trust". I pay for expensive things like his Mba (102k) , 200k of our downpayment on top of our 200k, our vacation home by using money that I legally separated from the trust.

Again- if you feel comfortable losing half of your wealth if your spouse bails on you- good for you! You are very generous.



I do feel comfortable with that, because I trust my marriage. You trust your trust--hence your using it as a hedge if your spouse "bails" on you.
Anonymous
Post 01/14/2017 21:23     Subject: Re:Protecting money you gift adult kids for a house

Don't feel sad it's a provision of my trust. I've trusted him with my life. There is no such thing as a way to "share that trust". I pay for expensive things like his Mba (102k) , 200k of our downpayment on top of our 200k, our vacation home by using money that I legally separated from the trust.

Again- if you feel comfortable losing half of your wealth if your spouse bails on you- good for you! You are very generous.

Anonymous
Post 01/14/2017 21:16     Subject: Re:Protecting money you gift adult kids for a house

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It is frustrating dealing with people who don't understand how massive wealth works, and who insult your marriage etc does it make me bitter? No way. I'm on easy street.


Your massive wealth can't buy you a happy marriage, unfortunately. Maybe you need a bigger trust.


You are so right.

We've been married for 12 years and have 4 kids- he's.my best friend. Seeing as how we haven't touched my trust and wisely share and donate our annual gifting of $56k I'd say we have a healthy and realistic view of what a partnership is. Our kids are healthy and awesome. We just bought our dream house and a vacation property in the Rockies. My trust gets bigger every year with a passive income of $350k (this year) that automatically reinvests- but thanks- if things go south that trust will be bigger. Appreciate the advice.


It doesn't sound like you trust him enough to share that trust, unfortunately.
Anonymous
Post 01/14/2017 21:14     Subject: Re:Protecting money you gift adult kids for a house

Anonymous wrote:
Anonymous wrote:It is frustrating dealing with people who don't understand how massive wealth works, and who insult your marriage etc does it make me bitter? No way. I'm on easy street.


Your massive wealth can't buy you a happy marriage, unfortunately. Maybe you need a bigger trust.


You are so right.

We've been married for 12 years and have 4 kids- he's.my best friend. Seeing as how we haven't touched my trust and wisely share and donate our annual gifting of $56k I'd say we have a healthy and realistic view of what a partnership is. Our kids are healthy and awesome. We just bought our dream house and a vacation property in the Rockies. My trust gets bigger every year with a passive income of $350k (this year) that automatically reinvests- but thanks- if things go south that trust will be bigger. Appreciate the advice.
Anonymous
Post 01/14/2017 21:05     Subject: Re:Protecting money you gift adult kids for a house

Anonymous wrote:It is frustrating dealing with people who don't understand how massive wealth works, and who insult your marriage etc does it make me bitter? No way. I'm on easy street.


Your massive wealth can't buy you a happy marriage, unfortunately. Maybe you need a bigger trust.
Anonymous
Post 01/14/2017 21:04     Subject: Re:Protecting money you gift adult kids for a house

It is frustrating dealing with people who don't understand how massive wealth works, and who insult your marriage etc does it make me bitter? No way. I'm on easy street.
Anonymous
Post 01/14/2017 20:59     Subject: Re:Protecting money you gift adult kids for a house

Anonymous wrote:mmm. Maybe. Or maybe I'm just not poor and bitter and uneducated about how money works.


You sure sound bitter in posts like these.