When your spouse inherits money

iVillage Member
Registered: 08-02-2004
When your spouse inherits money
11
Mon, 07-18-2011 - 2:02pm

My wife recently inherited a large some of money.

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iVillage Member
Registered: 01-02-2008
Mon, 07-18-2011 - 2:10pm

I mean was it like a ton of money or just enough money for a vacation or whatever.

Let her be with her money.. If its going to cause harm in the marriage let it go..
Maybe she just wants to feel independent with her money for awhile.

She might come around later but leave her be for now.

ATleast you can get a nice vacation and have fun.....

iVillage Member
Registered: 11-28-1999
Mon, 07-18-2011 - 4:32pm

I haven' been in this situation but my ex inherited about $50,000 when his mother died.

iVillage Member
Registered: 07-07-2008
Mon, 07-18-2011 - 6:35pm

Kind of timely for me...SO just got some money from his Mom (who is still alive), however, his father passed away many years ago, she recently remarried and gave each of his siblings a piece of his father's "legacy" as she called it...It isn't a substantial amount of money, but after going through his divorce and having to pay large amounts of support both CS/alimony it is nice for "his" savings...We don't really have anything substantial (money-wise) joint so I really do consider it his money...however, with that being said, he definitely has talked about it as money that will end up being used for "us" even if it is sometime way down the road...I do look it as his money to do what he thinks is best with it...(slightly different b/c we aren't married and you are)...I do think that even if we were he would be treating it in the same fashion and I think that's how I would be looking at it too (if I was in the position myself), how does this benefit us (both) financially the best?

iVillage Member
Registered: 02-20-2002
Mon, 07-18-2011 - 9:05pm
When I was married I inherited some money at grandparent's death. FWIW, I used it towards paying off our house.

When later going through divorce, (FWIW again), I learned that in my state, any money you receive as an inheritance is considered yours (the individual) when you divorce.

iVillage Member
Registered: 12-22-2007
Tue, 07-19-2011 - 2:08am

I strongly agree with the comment about offering unsolicited advice making her a bit snippy.

iVillage Member
Registered: 08-02-2004
Tue, 07-19-2011 - 10:41am

I think it depends on which state you live in.

iVillage Member
Registered: 08-02-2004
Tue, 07-19-2011 - 10:51am

It is more than just vacation money.

iVillage Member
Registered: 11-28-1999
Tue, 07-19-2011 - 11:21am

As a lawyer, I have to say that I'd definitely keep that money separate because in my state, it makes a difference if inherited money is kept separate or commingled.

iVillage Member
Registered: 09-15-2005
Tue, 07-19-2011 - 11:23am

I received a lot of money during my marriage. In all honesty, I wish I had your wife's attitude. Why? Because I felt like you. I should use the money for the betterment of BOTH of us, versus being selfish and using it for myself. So, instead of paying off my school loans (which I've now had for almost 10 years and haven't paid it down by

Community Leader
Registered: 08-25-2006
Tue, 07-19-2011 - 12:13pm

I read the thread and I do think that when it comes to "family" money, it can get a bit touchy.

Serenity

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