inherited some money - Page 2 - Talk About Marriage
Financial Problems in Marriage When financial times are tough, it adds to the stress we deal with on a daily basis. This section is for talking about how financial problems affect our relationships and ways to cope.

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post #16 of 46 (permalink) Old 11-05-2015, 06:11 AM
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Re: inherited some money

"P.S. For most people, this is a one time shot! They aren't inheriting anything else!
P.P.S. Not to mention "co-mingleing" inherent ed money, the community property!"

Your advice is moot as the deed is done - mortgages are paid off etc. It helps to read the entire post.

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post #17 of 46 (permalink) Old 11-06-2015, 07:15 AM
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Re: inherited some money

"MY" money? Thats... a great team mentality. Maybe you ought to start referring to the house as "MY house", along with everything else. Really put her in her place.

Last edited by BioFury; 11-06-2015 at 03:55 PM.
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post #18 of 46 (permalink) Old 11-06-2015, 01:00 PM
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Re: inherited some money

Inheritances are different. He didn't earn it and she didn't earn it. His father earned it and passed it on to his son to better his son's life. Any spouse who has a problem with their spouse receiving an inheritance is a gold digger.

My husband spent his inheritance on poker. Fine by me.
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post #19 of 46 (permalink) Old 11-06-2015, 01:20 PM Thread Starter
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Re: inherited some money

I had a SIL that inherited a half million from her 3rd husband, who had inherited it from a LTR...He died soon after, and she re married.

Her last husband was retired from the military, and had terrific health care and a nice monthly income. They were together about ten years when she died....Her daughter had been expecting a large inheritance, but got nothing...Her mother had gambled it all away at riverboat casino's...They had gambled at least 3 nights a week, and had to borrow from his kids for every day expenses....Probably went through 2 million during their marriage...

The daughter was VERY BITTER, got busted taking cash out of their account with an ATM card...even tried to sell the house they had owned together, and pocket the money...
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post #20 of 46 (permalink) Old 11-06-2015, 02:54 PM
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Re: inherited some money

Definitely fair. Much better than what my wife did. She got a little money after her parents died that ended up in a secret account all to herself and she had no intention at all to spend it on the family, pay bills over or anything, just her selfish whims. I spent my whole life paying the family's bills while my wife never pais off one damned thing. Your wife ought to think she is lucky to have an H like you who spends inheritance money on the family and even to upgrade her car. She has no right to be uptight about the way you spent your inheritance. If I ever any inheritance money, I will spend it as though it were MY money.

"I've paid double for every transgression I've ever made and that motel and that boat are little to ask for"
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post #21 of 46 (permalink) Old 11-06-2015, 03:42 PM
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Re: inherited some money

"They had gambled at least 3 nights a week, and had to borrow from his kids for every day expenses....Probably went through 2 million during their marriage..."

His kids were enablers. Her daughter was entitled. My husband didn't inherit nearly that much but it was his to do with as he pleased. It pleased him to play poker with his friends.
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post #22 of 46 (permalink) Old 11-06-2015, 04:38 PM
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Re: inherited some money

I thought inheritances received during marriage becomes joint property. Nowhere in the US is that the case?
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post #23 of 46 (permalink) Old 11-06-2015, 04:39 PM
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Re: inherited some money

Quote:
Originally Posted by Woodchuck View Post
I had a SIL that inherited a half million from her 3rd husband, who had inherited it from a LTR...He died soon after, and she re married.

Her last husband was retired from the military, and had terrific health care and a nice monthly income. They were together about ten years when she died....Her daughter had been expecting a large inheritance, but got nothing...Her mother had gambled it all away at riverboat casino's...They had gambled at least 3 nights a week, and had to borrow from his kids for every day expenses....Probably went through 2 million during their marriage...

The daughter was VERY BITTER, got busted taking cash out of their account with an ATM card...even tried to sell the house they had owned together, and pocket the money...
How was this possible?
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post #24 of 46 (permalink) Old 11-06-2015, 04:50 PM
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Re: inherited some money

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I thought inheritances received during marriage becomes joint property. Nowhere in the US is that the case?
Not that I'm aware of in any state. Prevents gold diggers or surprises them when windfall comes in and they look to leave the marriage with half of it. Whatever the case may be.
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post #25 of 46 (permalink) Old 11-06-2015, 04:53 PM
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Re: inherited some money

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I thought inheritances received during marriage becomes joint property. Nowhere in the US is that the case?
The inheritance belongs to the person receiving it. However, the moment it is placed in a joint account and the funds are co-mingled it becomes joint property.

I have inherited my grandmother's house, the deed is in my name. I rent it out and use the rent to keep the property up. The rest I spend on my family. But it is still my house.

The funds that my husband received when his step-father passed away is in his name only. I am a benefitery on the account but I am not joint owner.

It's better to keep things that way. If I died our kids inherit my gm's house.

It's when you co-mingle funds that's its hell sorting it, in case of a divorce.

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post #26 of 46 (permalink) Old 11-06-2015, 05:40 PM
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Re: inherited some money

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I thought inheritances received during marriage becomes joint property. Nowhere in the US is that the case?


It is not considered joint property unless both parties are named in the will. If it is left to one person it doesn't become community property unless and until it commingles with joint assets (like the OP did when he used his inheritance to pay off a marital home and purchased a car for his wife).
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post #27 of 46 (permalink) Old 11-06-2015, 06:13 PM
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Re: inherited some money

If you use any of the inheritance to buy a sofa for the home or a tv or any asset, it could cause trouble as you have co-mingled assets. You may want to check on your belief.
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post #28 of 46 (permalink) Old 11-06-2015, 06:26 PM
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Re: inherited some money

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Originally Posted by Blondilocks View Post
If you use any of the inheritance to buy a sofa for the home or a tv or any asset, it could cause trouble as you have co-mingled assets. You may want to check on your belief.
Any inherited funds if you use it to buy things or property that is jointly owned by you and your spouse belongs to the two of you. That is what the co-mingling is.

If the inherited funds stays in an account with just your name, then, it belongs to only you.

That is why people don't co-mingle their inheritance, in case of a divorce it's hell sorting things out. Keep the funds separate, you can use the interest/dividends on your family, just make sure the principal is not used for joint purchases.
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post #29 of 46 (permalink) Old 11-06-2015, 08:04 PM Thread Starter
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Re: inherited some money

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How was this possible?
Her mom and step dad were both in an independent care facility, and the daughter had their ATM card to buy things for them....

She also had a conversation with one of his sons about how nice it would be if the proceeds from the house was used to send her kids to college...

She got the necessary signatures to sell the house, as well as a couple of cars, and cashed the checks and put it in her account....

She hit the ATM to take the family on a little vacation trip to rest up after moms funeral....

At this point in time, all the money in the account belonged to the step dad....As well as all the money from the sale of the house, and cars...

Step dad caught on, and told his daughters about it...It hit the fan, DIL was busted, and wound up with what she deserved....NADA...

It was a big mess, the sheriff's office was involved, as was the DIL's boss who was a lawyer...She was lucky charges were not pressed.....
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post #30 of 46 (permalink) Old 11-06-2015, 08:31 PM
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Re: inherited some money

I would have done the same. People who are in debt really don't own anything. They are in the hole. One never knows what the future might bring, but we can all safely assume we will still want a place to stay. Paying off the house gives you security. To find a wife who believed her husband made great decisions one would have to time travel back to about 1955.
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