My husband purchased his mother’s $500K home. His siblings called me a ‘gold digger.’ Now he wants to use my inheritance for renovations

I have a situation that needs unbiased direction regarding inheritance, marital living arrangements, and aging in place.

For context, this property was appraised at $500,000 when refinanced just after our marriage before the cottage renovation. Last month, it appraised at $900,000 before renovations of the larger home.After our marriage, my husband refinanced the property and we both renovated a one-bedroom cottage for rental purposes. I also purchased all the interior furnishings and home goods.

He asked me to invest my inheritance in the renovations of his family’s property. He also said his last will and testament gives me life rights, with the option to sell and receive 50% of the proceeds and his siblings, and their heirs receiving the other 50%. Due to this, I ended up purchasing my own house nearby using part of my inherited funds. I recently placed it on the market at $100,000 more than I paid, and there is a good bit of interest. My husband still insists we move to his property and wants me now to invest my inherited funds and the proceeds from the sale of my investment property to use to renovate his property.

I feel I’m trying to make sure all loose ends are tied up for life-estate planning needs. I have no objection to him wanting to leave part of his estate to his siblings. I just want to make sure I’m not vulnerable and destitute should I be fortunate enough to live a long life.You can email The Moneyist with any financial and ethical questions related to coronavirus at qfottrell@marketwatch.com, and follow Quentin Fottrell on Twitter.Your letter contains legal, financial and familial disconnects.

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