My wife inherited $800K. She put $300K toward our mortgage and $500K in her own bank account — after 35 years of marriage
Quentin Fottrell 8 hrs ago
I’ve been married 35 years.
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.
I’m 65 and still work. I earn $130,000 a year and plan to continue to work for another five years, as long as I am 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 gets a small pension and I will also get a pension. We have no savings, no 401(k), 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.
What do you think of the way she has treated her inheritance? If we divorce, will I have to pay her alimony?
Been Working Since I Was 16