My wife is going to inherit $800,000 and told me she will use $300,000 to pay off our mortgage. The house is worth $450,000. But she will put the remaining $500,000 into her own personal checking account.
My wife gets a small pension and I will also get a pension. We have no savings, no 401, nothing. I paid for my kids’ college education. We own one car outright. I have credit-card debt of nearly $80,000. My wife has credit-card debt of $2,800. You don’t say why you have $80,000 in credit-card debt and your wife only has $2,800. Assuming it’s notbecause of your children’s college expenses, this disparity may also reveal that you have different spending habits and abilities to manage your money. That’s a lot of money to have on your credit card, and if you racked up that money on miscellaneous expenses, I can understand why your wife did not believe it was her responsibility to pay off your personal debt.
Plus, even though she was paid less than you, let’s assume that she worked as hard as anyone for those 13 years. Bottom line: You both worked.
Of course, it's her inheritance, which is, by law, her separate account. Be glad that she's using a large sum to pay off your mortgage to have a peace of mind. Respect her space, and you'll gain her trust.
All about me people make the best teammates 🙄
She’s going to divorce then sell the house. You’ll be living on your brother’s couch in no time.
Put the $800,000 in savings, make the mortgage payments with it and keep the write off. You’ll accrue interest and pay less in taxes
Yep!
She should put all $800,000 in her account
More than fair. NONE of that is yours. It's her inherentance. Not yours. You are not her parents offspring. Their life's work was NOT for you but their daughter. Be grateful vs greedy. I would divorce you for even asking this question.
Please. Please stop running this story. You’ve tweeted this one literally 45 times. For the love of god please.
Fair or not, it isn't very smart. Those checking accounts are paying much interest.
Don't look a gift horse in the mouth!
Dear Working, Your wife is clearly much smarter than you & has been planning her escape from you for 30 years or Start looking for that retirement village apartment where you can spend the rest of your days thinking about what you've done to make her want to do you like this
She is dropping you like hot potato!! And she will keep house!
That is not money that you created together as husband and wife. This is inherited funds from her family. She should and can do whatever she pleases with that inheritance…
What’s yours is hers, what’s hers is hers.
Yes. Also, find a good divorce lawyer. She’s more into the money than you.
Yes. Be grateful she’s using so much
he got $300k .. stop crying
She should leave her lame husband
Yes
Seperate bak accounts? Is that marriage?
She should call me!
Yep
more than fair. you would've done the same
What he put in the table?
SHE inherited not YOU
It isn't fair for her, you should pay her back 150k.
Kinda sick of hearing about the planning challenges of people getting signifiant inheritances.
Why are you folks even married?
He failed to mention that paying off what likely was a low interest rate on the mortgage was not the greatest investment strategy! The guy sounds like a total loser, she should dump the fool and get on with her life.
Wait until she pays the taxes, you may have enough for a lunch at McDonalds
If I were wifey, I'd rethink this and get a divorce...
No pre-nup? Sorry Charlie, what's hers is yours King.
Cool free rent 🙌
He's already talking about divorce, I hope they don't have children.
No, you should also sign a note back to her for $150,000.
Yes FAIR. Inheritance is NOT community property. However once commingled with community property assets it losses it’s separate property status. In fact inheritance (if substantial enough) should be separated in a sub trust in a family trust,
His attitude suggests this is not the happiest of marriages. If she feels that way too, she is smart to keep the money for herself. Also, it seems she doesn't feel responsible for any of the credit card debt. ?
It's not fair that I'm not getting a piece of the pie
Let's talk about that first part... Should you REALLY pay off a mortgage in an inflationary period with rising interest rates? Of course it depends on what the current rate is, but she's likely to do better putting the money to work and earning a yield above the mortgage rate.
Its HER money? How is it not fair? Maybe should not have married such a selfish woman to begin with who sounds like her next step is to file for divorce and take the house.
The fact you have separate checking accounts tells you all you need to know.
Your inheritance is your own.
Yes it’s her money
Dude you are not with someone who loves you or you love if you worried about cash
She is very generous to pay the mortgage on a home that is only half hers. Although i would invest the cash instead of paying off a mortgage with a low interest rate. Most states consider inheritance to be a non marital asset.
Yes. Legally its half yours regardless of where she puts it
My wife got an inheritance. I had her put it into her own accounts. It’s hers and she would have received regardless of my existence. Stop promoting greed.
It's her inheritance I guess. Quote from my wife 'your money is my money, my money is my money' 😵💫😉
$500,000 in her checking account 😂
Be great full for no longer having a mortgage which frees up a substantial amount of money every month going forward.
Death by bungee matey. Reap what you sow.
Don’t be greedy. Do your manly duties and love your wife.
Yes. It's her inheritance she can spend it all buying 30000000 copies of the movie 'Twins' on vhs if she wants.
she should use the money to run away from this cryer
A million is not a lot of money but a million more than what I have now
A mill is not a lot of money
Does she like trolls?
D bag
yes
This is very misleading and no one should any attention to the misinformation. It is nothing but click bait. State laws govern distribution of marital assets and fair or unfair have nothing,whatsoever, to do with it. STUPID TWEET OF THE DAY!
She is absolutely fair!
Hahaha, actually it's not fair for her to help you un the mortgage as its supposed to the man responsibility to provide housing, And you should be shy to ask such question!!! Basically she has the write to just keep the whole 800k on her account lol 😆.
Taxes
Dude! Stop! This story! Like 50 times. STOPPPPP
Most marriages are just financial arrangements.
Legally, yes. She has every right to decide what happens to her inheritance. And she has just given you $150,000.
I can tell by this question what political party you align with. 🤡
Put that in life insurance.
If I were your wife, I’ll pay off my portion of the mortgage. Like most say, she is good to you. Give her a big hug and say thank you.
Yes, it is her inheritance
For a moment there, I thought I missed the daily posting of this story
IMHO yes. It’s the old what’s mine is mine and what’s yours is mine. Sit back, shut up, trust the woman you love. Your being tested, don’t fail, it’s only money, till you make it something else/more. Enjoy the cushion. Shhhhh.
The real question. If it were you that received it, would she be okay with you calling it “Your Money” ? 🤣
This world is like a virtual life fighting for money, it's funny
Of course it is, it’s her money and she can do with it what she likes.
Personally that’s generous of her
She is very generous, potentially too generous
The things i love on the internet, vayolence
Absolutely? It is her money, and she is respecting your relation to remove debt to zero. What's the problem here? Be grateful my friend.
Yes. Of course.
Yes
Yes
Read the article. He's supported her their entire lives together, she retired from her low paying job, and he's still working at 65 with a much higher salary. She's selfish.
Separate property agreement, prenup? Otherwise acquisitions during the marriage are community property, if you're in a community property state.
Yes
I feel like someone inherits 800k and asks you a dumb question once a week
Bro what
Y'all really just posted the same article 2 hours apart 😂😂😂😂
$500k in a CHECKING account is the big red flag here
C'mon Marketwatch - can we get some better articles on my timeline.
It's fair. In my marriage, it's like this: what's mine is hers, and what's hers is hers.
Great case. Big disparity in credit card debt. I don’t like making assumptions, but her low credit card debt leads me to believe that she may have more responsible spending habits. Also, 500k is a lot for a checking account paying low interest. Lots of follow up ?s on this.
Yes. It’s her money. Just be thankful she’s pay off your debt…
It’s her money she did something for the family leave her be
seriously?
She is very generous!
What about taxes?
Entitled fat son's of britches
Of course it's fair, IT'S her inheritance money. Your lucky she is picking up the balance of the mortgage. Be nice or you might end up on the street.. Looser.
Well she will have given you $150k (Via mortgage) and kept $650 but also donated $150k to the mortgage? 🤔🤔 Divorce & get $425,000 from house sale & $400,000 in settlement?
Your father!!!
Actually yes. Since it is her inheritance, unless she puts it into a joint owned account or property, you cannot touch it….
I am aware she inherited that money but a marriage is 50/50 and should be 'our' money. Whether the funds came from inheritance, lottery, found on the ground, discovered buried treasure, lawsuit, ect. it is 50/50
It’s not your money, don’t worry about it.
How many times are you going to repost this? It's like every other week.
Be a man. Make more money
No, you should share the entire amount 50/50.
After she pays off the house and take half.
Thats 500k for clothing and bags 🤣🤣 have you ever heard of investing?
lol…that depends Have you shared ALL your money with her ? And if so, what is the grand total of that ?
Is this a math question?
Yeah cuz you're the wife 😂
Ofcourse it’s fair you lazy bum !😂😂
Your money is her money, her money is her money. Quit complaining she’s doing you a favor
Yes it’s fair gold digga
this is a sad thing to witness
She's doing him a huge favor by paying off the mortgage already. He saves money there
What is your expectation then? That she splits the money with you? Try investing part of it in a more secure financial instrument and enjoy the proceeds together. And seek professional advice as well. She paying a chunk of the mortgage is a big deal on its own I guess.
You really love the bottom of the barrel publications, don't you? These are such stupid scenarios, I fail to believe these aren't made up.
Yeah it’s not your money dude
Yes, it’s her inheritance
Seems fair to me!
Get your own money! It’s her inheritance
Soon she will blow the rest of her inheritance.
It's her money. not yours.
Yes
you should be thanking her for paying the mortgage already
Yes. It is.
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Fair and finance don't mix.
It is her money by inheritance. She does not have to share anything with you. Let her pay the house off, that's smart.
How come everybody is silent on this!!
If it's her inheritance it's absolutely fair.
How many times will you post this? Asking for a friend
Geez, the modern man is a sight to behold.
It's her money.
Yes totally fair and smart.
Cool story bro
She’s paying off the house. Do you boo-boo.
Yes.
Her money.
She's quite generous, as she paid more than 50% of the value of the house.
Don't have to read the article, she inherited the money, it is her money. Of course it is fair because it is HER MONEY.
Great read. She's being smart.
Bad idea, Open a portfolio put the money on Walt Disney to collect 11% guaranteed dividends. That’s 88000$ a year
Well you're in luck. Now you have no morgage.
You are either in it together or you aren't.
I wish someone showeddd me thisss earlierr?
Wow. What a b i t c h
Yeah. But also I find not having a shared account is weird too
Sucks to be you...
Smart lady
Yes, pull your own weight!
Something my Dad use to say: ' lifes Not fair' .
Yes thank her and go make her dinner ..
Spend like a madman, she's responsible for half!!!
How many times has this been posted? Geez.
This is why you don’t get married.
1. Tell her thank you as you now no longer have a mortgage.
Yes. An inheritance is not shared property.
It’s her money.
Please feel free to kiss her butt everyday
Yes.
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Firstly, do nothing until you get ahold of your accountant.
An inheritance is owned specifically by the beneficiary until it is deposited into a joint account. So yes, she can do that and it remains hers alone. The home is still owned by both equally if it is titled that way,
her money her choice
What could possibly go wrong?! Checking Account … aka shoe buying slush fund. 😂
Inherited money is direct property of the inheritor until chosen to be shared. Consider the $300k as being shared into a jointly owned interest. How she manages the remaining money is her right. You wanting that money is greed at its ugliest
Remember, her money is her money and your money is y'all money.
Suggest you marry the lawyer.
Like that พี่หมายถึงผมหรือเป่าครับตัวปมต้องการขนาดนั้นเลยหลอครับความเข้าใจที่ปมอ่านมันถูกต้องไหมครับขอคำเเนะนำหน่อยคับ
It's her money, not your money, so she can do whatever she wants with it. You should continue to support her regardless of what she has.
Yes and smart
How much you wanna bet this dude is liberal Democrat? 😆 🤣
this guy is 💯 a Democrat
No. She should also file for divorce, get some cosmetic surgery needed and move to Vegas. What a loser!
Yea it’s fair it’s her money if she love you she’ll break u off something without having to go ask
It's your wife's money so... 🤷♂️
absolutely. it’s HER inheritance you greedy sod. be grateful she is paying a lump sum into your mortgage.
One good thing is she's paying off the mortage It's her money she can do what she wants, be nice if she would give u a 100k
Very fair
I think it's fair unless y'all break up soon cus u know she's gona get the house in that situation lol
I think so because she is paying off your Mortgage with her inheritance.
Hell yea, y’all’s mortgage is paid off.
Hope she uses some of it to hire a divorce Atty.
One of those cases if the roles were reversed...... you know how the story goes
I bet by keeping it isolated from a shared account means it’s untouchable should a divorce happen.
Your wife doesn’t have to share any of her inheritance with you. The fact that she is willing to pay down your shared mortgage with her at all,is more than fair- it is very generous of her.
I’m failing to see what’s unfair about this?
Yes, it is fair. It is her family inheritance and she’s paying off more than half the house.
Yes, it is her money from her family. You should be glad that she is sharing it with you.
With housing prices inflated and 2yr notes yielding almost 4.5% and I bonds at 6.4% I think the smarter bet is to invest the money in something that is guaranteed - in this high inflation environment and then reassess in 2yr.
Forget paying off the mortgage go deposit a multiple complex of apartments make passive
I don’t know about fair but it’s assuredly poorly conceived Parking half a mill in any bank account is extremely unwise because it will only depreciate Vanguard mutual funds or ETFs would be a much smarter decision
I think you need to see a marriage counselor not a financial one.
What?
SB 50/50
$GUSH
Yes
Bro, what have you been doing with all your paychecks? You earn 7x more than her. You should have been the one making the money rules. Too late now...
lol
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Invest it in the S n P 500. 500k would have made 21k in 1 day this past Thursday. Does not happen every day, but think about that.
Divorce her and take half her assets. 🤣
Well you are mortgage free so when you sell the place you will even up😀🫵🏽
Gee whiz. His wife inherited the money and it's hers to do with as she pleases. I highly advise her to create a paper trail on the mortgage payoff. She may need it in the future when she divorces this clown. At least she then can prove she paid for the majority of the house.
Outstanding
It’s not marital property
Yes, it is fair. She is very generous. She is not buying the house from herself and you. She is paying the debt secured on the house. However, if she was my wife I would advise her to invest the 500,000 in two more properties, there are bargains for cash buyers in this market.
Yeah, it is.
It’s her money
Yeah it is
What yours is hers...what hers is hers......welcome to the Thunderdome
Never rely on anybody to pay your mortgage. You are on you own.
That’s why marriage shouldn’t involve money-making
The question is alarming. The wife should keep the entire inheritance as a non-marital asset.
Why do married ppl think they have entitlement to their spouses’ inheritance
What is this garbage content
Yes, her inheritance is not community proper…
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