Is this normal ? Financial - H behaviour

[flabj]

H is being gifted some money by family and has decided to open up a company with family to invest the money in certain things. I don't want to be too specific.

I'm not part of that company etc and was fine with this.

I've recently found out that a huge proportion of his salary will now also flow into the company in order to be able to keep making investments with said company.

Am I overreacting to think this is a bit off ?

I didn't mind the gifts / inheritance, but surely the salary is a stretch too far and should be our money ?

I also work etc but just worried about this and being kind of frozen out.

Or is this just normal and absolutely fine ?

Thanks for advice.

This is a bad idea from an inheritance tax perspective. If he inherits his parents share of the co. Upon their death he might end up paying IHT on money which is already his.

What.....? Thats a hard NO!

Your OH is putting his salary into the Company and the other investors aren't?? Is he mad? Why would he put your familys finances at risk?

Family business are fraught with difficulty and everything has to be tied down tight legally.

OP don't be foolish, please get independent advice.

The comment ...he said 'people have doubts ' about me and that's why they did it." ....says they don't trust you. Leaves a nasty taste doesn't it!

Not to sidetrack but having just assisted with completing a 28 page declaration for the courts in a divorce case, all assets have to be declared for the financial settlement. All savings, investments, pensions are in the joint pot to be shared out. It's VERY detailed!
So there is protection in the event of divorce. But keep records.....all/any financial records

However, were OH to die, would you /children have any protection at all for the family money he's putting into the venture?

It doesn't sit right that he's making an autonomous decision affecting family finances.

I'm sorry OP. This sounds so stressful. But yes, I completely agree with previous posters. It sounds like he's settling up his finances and getting his "ducks in a row" in the event of you divorcing in the future. I'm not liking the "doubts about you" comment one bit either. It sounds as if his parents have had a big ol chat about you, and have now devised a way with him to squirrel as much of "his" money away as possible so it's untouchable by you.
I'd be seeking legal advise this week. Unfortunately this is happening, keeping quiet is just going to give him more opportunity to screw you over. Don't let him!

You don’t say what ,if any, shared financial goals you have? What about your home, is it fully paid off, what about each of your pensions? All of those are things that a married couple should be discussing between themselves in order to make the best decisions for your ( presumably shared!) future. I would be incredibly upset if my husband was making financial decisions with his parents instead of me as this ongoing investment is coming out of your joint income. Putting all of your eggs in 1 financial basket is never a good idea.

Definitely off.