I have been married for 35 years.
My wife is going to inherit $ 800,000 and she told me that she will use $ 300,000 to pay our mortgage. The house is worth $ 450,000. But you will put the remaining $ 500,000 into your own personal checking account.
I am 65 years old and still working. I make $ 130,000 a year and plan to keep working for another five years, provided I’m in good health.
My wife retired two years ago at age 59 after working for 13 years, earning $ 20,000 a year. She mostly stayed home and helped raise our two children, who are now adults with their own jobs.
My wife receives a small pension and I will also receive a pension. We have no savings, no 401 (k), nothing. I paid for my children’s college education. We own a whole car. I have a credit card debt of almost $ 80,000. My wife has a credit card debt of $ 2,800.
What do you think of the way he has treated his inheritance? If we get divorced, will I have to pay alimony?
I’ve been working since I was 16
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Don’t let your frustration over this heritage OR the fact that you’ve been working since you were 16 force you to do something rash. His wife has used more than a third of this money to pay off their joint mortgage. Inheritances are not considered community property, so you are clearly taking your time deciding what to do with them. While that may seem like a slap in the face after 35 years of marriage, she has the legal right to do so, and she personally has the right to do so too.
He doesn’t say why he has $ 80,000 credit card debt and his wife only has $ 2,800. Assuming it is notDue to your children’s college expenses, this disparity can also reveal that you have different spending habits and money management skills. 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 didn’t think it was her responsibility to pay off her personal debt.
Imagine if the tables were turned and you put $ 300,000 of your inheritance in this house, and then your wife turned around and said, ‘Thank you for paying a portion of our mortgage, but I feel like this is a good time for a divorce.’ .
Given the disparity in your income, I can understand why you feel that way. But that doesn’t account for being a stay-at-home mom, which is a full-time job in itself. That, plus her $ 20,000 a year job, suggests to me that she more than contributed her fair share of time and work to the marriage.
Also, even though you were paid less than you, let’s say you worked as hard as anyone during those 13 years. Bottom line: they both worked.
Your question regarding alimony will likely depend on where you live, your individual circumstances, the judge, and the size of the estate. Previous cases have shown that the income generated by an inheritance can be a factor in determining alimony, although the inheritance is generally considered a separate property. You were the main breadwinner in the family and, according to previous inheritance cases, you are unlikely be an important factor in alimony.
Think of it this way: She just contributed $ 300,000 to your life together when she could have kept all that money and got divorced. you. Imagine if you turned the tables and put $ 300,000 of your inheritance in this house, and then your wife turned around and said, “Thank you for paying a portion of our mortgage, but I feel like this is a good time for a divorce.”
If you feel upset now, then you would be absolutely furious.
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