Gill
Recycles dryer sheets
Agreed. Many reasons to keep it separate.Separate for me. It’s a sizable amount and while I don’t see us ever divorcing I wanted to keep it separate.
Gill
Agreed. Many reasons to keep it separate.Separate for me. It’s a sizable amount and while I don’t see us ever divorcing I wanted to keep it separate.
+1. Agreed. I kept a trail of the transfers from the deceased accounts to the present location in a new brokerage account. In my state, generally only the inheritance, and not earnings on the inheritance, is protected during a divorce.Separate for me. It’s a sizable amount and while I don’t see us ever divorcing I wanted to keep it separate.
....................... In my state, generally only the inheritance, and not the stepped up basis (earnings), is protected during a divorce.
Sorry, I should have said 'earnings on the inheritance'.Isn't the inheritance >=the stepped up basis?
Sorry, I should have said 'earnings on the inheritance'.
Separate for me. It’s a sizable amount and while I don’t see us ever divorcing I wanted to keep it separate.
Separate accounts here. My parents left me a goodly amount, the trust attorney advised putting it in my name only, but using the income from it for both our benefit. So far so good. I see lots of divorces and I had one 20 years ago, when wife #1 ran off with another guy.Smart choice !!!!
I was in the situation of being married and trusting my spouse like many here have said.
I inherited some property, to me alone, some fairly worthless land, too much trouble to title in both names.
A few years later spouse slept around a lot, decided to divorce me, and asked for EVERYTHING.
I never saw it coming, did nothing bad to deserve it, it was over 5 years of court battles.
Judge told spouse inherited property was off the list right away.
Keeping it separate only makes sense. Divorce or death could make the inheritance go to someone that you did not want it to go.
Married 32 years. A $100,000 inheritance of husband(now ex) was commingled as all our accounts were joint. During divorce, ex husbands attorney wanted the entire amount returned to ex as money is fungible.
I disagreed as many bills were paid from that account, including college tuition.
Inheritance ended up as joint property. So, 50/50.
For my future, separate money and accounts should I remarry.
Interesting, how you would do it different now, but benefitted from ex’s inheritance.
Human nature I suppose.
I suppose the fact I was a SAHM, infidelity(him)was involved, and a real nasty divorce. Plus I cared for his ill mother.
Nope. Second marriage - should there one - separate finances.
Interesting, how you would do it different now, but benefitted from ex’s inheritance.Originally Posted by chumped View Post
Married 32 years. A $100,000 inheritance of husband(now ex) was commingled as all our accounts were joint. During divorce, ex husbands attorney wanted the entire amount returned to ex as money is fungible.
I disagreed as many bills were paid from that account, including college tuition.
Inheritance ended up as joint property. So, 50/50.
For my future, separate money and accounts should I remarry.
Human nature I suppose.