In the world of Save. Spend. Splurge.: Imagine if you just found out your future spouse had a trust fund

Weirdly, I’m just as discomfited by people who have inherited wealth, or expect to, as I am by people who carry tons of debt without any intention of paying it off.

I do think that it’s totally foolish of her not to save anything for retirement in her name though. That money can go away unless assets are titled in her name. Verbal agreements aren’t going to do a whole lot for her if he leaves her or dies.

Thanks for including my post, Sherry! I would say that I am close enough to FI with our current lifestyle (about 75%) that I might not go back to work after my sabbatical, so long as we don’t want to move. I know it’s unusual to build my level of net worth in your twenties, but I find it an insult when someone calls me a housewife or says that my husband is financially supporting me – that completely disregards all of the work I did by myself in my twenties. In some ways, it’s an easy cover up, but it hurts more because some of the people who have said that know enough about my financial situation that I wouldn’t expect that to be their conclusion.

I found the trust fund article really fascinating, mostly because without any legal protection, what happens to the wife if the husband dies or they get divorced? That trust fund is fully his, legally, it sounds like, so if I were her, I would want to be saving for retirement. I do love though the timing of how he explained it all to her – he knew that she liked him fine broke and they do seem to be managing their finances well. I didn’t like that she called and told a friend though it sounds like they stopped telling people after that.

Similarly, I found this podcast episode really interesting: https://beyondthedollar.co/on-trust-funds-and-the-challenges-with-being-rich-an-interview-with-megan-gill/