Husbands inheritance

[lisaloves]

DH has inherited 15k from an Aunt who sadly passed.

We are very happily married with 2 DCs. Comfortable financially but certainly not loaded. Huge mortgage and things we need to do to the house etc.

DH wants to put the entire amount in to Bitcoin. He's reluctantly agreed to just put half in to Bitcoin and the other half in to our joint ISA.

AIBU to think this is selfish?

For reference I am the bread winner by a country mile and we share all of our income. I never question this so it now feels unfair that his money is 'his' money - when for a long time I've earned much more and it's all been shared money.

I don't know much about Bitcoin but from what I've read it's very risky business.

He was gifted money it's up to him what he wants to do with it. Yabu

You don't LET someone do what they want with their own money

You might want to invest the bulk into the house since we all need to insulate and change our gas or oil heating in order to be able to afford it in the future. Unfortunately, there are no governmental support schemes in this country (UK). He can invest 1k in Bitcoin. That’s an amount that doesn’t hurt if he looses it.

So, your money is joint money for all 4 of you and his money is only for him. Got it.

@PeachyPeachTrees agreed. Inheritance is almost mythologised as ‘special’ money. Sacrosanct and to be unsullied by sharing or tax. If you are not in a position to inherit then you can earn your grubby/non-special money and share that with family and the taxman. As if it’s not enough to receive unearned income in the first place (carers and certain others excepted). The logic is lost on me.

When I got divorced from my first husband I had just inherited about £30k and he got half of this in the settlement. It’s joint money just like anything else!

I would use a chunk to pay off debt given what is happening with interest rates at the moment. I agree that Bitcoin is dodgy, it’s not regulated by the FCA, might as well download one of those casino apps!

If it was in a joint account then it becomes joint money by default which would mean that yup it'd be split. If it was in an account that was just your own, it wouldn't have been

So gifted money is treated differently than earth money?

Supposing OP did some overtime and earth extra money, she must share that?

If money is being shared, then it's all being shared.

Bitcoin is unregulated and literally so wild west that someone loses a password to some account or other, and millions can get lost forever.. and haven't a few exchanges told people they can't withdraw their money when things go bad?You are 100% not being unreasonable!!

Have just had to bail out a foolish offspring because of bitcoin. Money gambled and gone. I warned him ages ago about it. Total mug’s game.

Not exactly the same but if someone gave you £ for a birthday for example, would you do what you want with it or decide it needed split up and others should have a say in what was done with it?

I might get an inheritance. Im the breadwinner in the household anyway and I will view that inheritance as mine. My partner views it as mine as well

It may well benefit both of us dependent on whether I want to spend it on holidays etc but ultimately I will need it for my pension so its not going to be shared

So assuming you stay together your DH will benefit from with holidays or your pension income?

Whilst I agree it would be selfish to sit on a huge pile of money if the family were struggling, I'd probs be a bit hmm about my child's partner eyeing up my life's savings which I was leaving to my son, and making plans in advance how she was going to spend my hard earned money.

Perhaps I'm cynical, but much as Iove my partner and have for several years, I can't say with 100% certainty we'll be together in five years time, because lots of things can change.

I'll probs inherit a pretty decent amount and I'm not confident I'd want to give him a couple hundred grand tbh. It might end up as a mortgage down payment for him and his next partner in five years time!

Ha! Only the holidays I take him on, I go with friends sometimes while he languishes at home!

Legally, it doesn’t really matter whether money is in a joint account or just in one person’s name, if you are married, the assets are joint assets.

However, how you agree to spend and save between you is up to you both.

Ignore this. Poster speaking utter nonsense

If you do a quick Google search you'll see that any inheritance received is considered a non matrimonial asset that isn't included in the splitting of assets unless it was in a joint account that the whole family benefitted from

You’re wrong

I am divorced. I had an inheritance. Fact that in joint account utterly and completely irrelevant.

”quick google search” 😂

it is your specific point about whether or not it is in a joint account as being relevant that is wholly incorrect

Your photo says squat all about being in a joint account.

The OP seems to have fucked off but I'd have been interested to know what came of this. I'm sure a lot of couples have had rows about ponzi scheme crypto incestments.

Alrighty then

Alrighty then, the intersection between divorce asset splitting and inheritance depends on jurisdiction as well as circumstances. Didn't read the screenshot in detail but the reference to different 'states' and the .com URL implies this relates to USA and might recognise if it differs even in USA in different states. Need to check but even in the UK, divorce differs between Scotland and England&Wales.