My spouse inherited $800K. She put $300K towards our mortgage and $500K in her personal checking account — after 35 years of marriage


Expensive Quentin,

I’ve been married 35 years.

My spouse goes to inherit $800,000 and advised me she is going to use $300,000 to repay our mortgage. The home is value $450,000. However she is going to put the remaining $500,000 into her personal private checking account.

I’m 65 and nonetheless work. I earn $130,000 a yr and plan to proceed to work for one more 5 years, so long as I’m in good well being.

My spouse retired two years in the past at age 59 after working for 13 years, incomes $20,000 a yr. She principally stayed house and helped elevate our two youngsters, who are actually adults with their very own jobs.

My spouse will get a small pension and I may even get a pension. We have now no financial savings, no 401(okay), nothing. I paid for my youngsters’ faculty schooling. We personal one automobile outright. I’ve credit-card debt of practically $80,000. My spouse has credit-card debt of $2,800.

What do you consider the way in which she has handled her inheritance? If we divorce, will I’ve to pay her alimony?

Been Working Since I Was 16

You possibly can e-mail The Moneyist with any monetary and moral questions at [email protected]

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Expensive Working,

Don’t permit your frustration over this inheritance OR the truth that you’ve got been working since 16 to pressure you into doing one thing rash. Your spouse has used greater than one-third of this cash to repay your joint mortgage. Inheritances aren’t thought of group property, so she is clearly taking her time deciding what to do with it. Whereas which will really feel like a slap within the face after 35 years of marriage, she is legally entitled to do this, and personally entitled to take action too.

You don’t say why you’ve got $80,000 in credit-card debt and your spouse solely has $2,800. Assuming it’s notdue to your youngsters’s faculty bills, this disparity may additionally reveal that you’ve got totally different spending habits and skills to handle your cash. That’s some huge cash to have in your bank card, and for those who racked up that cash on miscellaneous bills, I can perceive why your spouse didn’t consider it was her duty to repay your private debt.


Think about if the tables have been turned and you set $300,000 of your inheritance towards this home, after which your spouse circled and stated, ‘Thanks for paying off a piece of our mortgage, however I really feel like it is a good time for a divorce.’

Given the disparity in your incomes, I can perceive why you are feeling the way in which you do. However that doesn’t consider 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 greater than contributed her justifiable share of time and labor to the wedding.

Plus, although she was paid lower than you, let’s assume that she labored as onerous as anybody for these 13 years. Backside line: You each labored.

Your query relating to alimony doubtless is dependent upon the place you reside, your particular person circumstances, the decide, and the dimensions of the inheritance. Previous cases have proven that the revenue generated from an inheritance generally is a consider figuring out alimony, although inheritance is mostly thought of separate property. You have been the foremost breadwinner, and primarily based on earlier circumstances on inheritance, it’s unlikely to be a significant factor in alimony.

Consider it this fashion: She has simply contributed $300,000 to your life collectively when she may have stored all of that cash, and divorced you. Simply think about if the tables have been turned and you set $300,000 of your inheritance towards this home, after which your spouse circled and stated, “Thanks for paying off a piece of our mortgage, however I really feel like it is a good time for a divorce.”

In case you really feel upset now, you’d be completely livid then.

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