If you received a surprise inheritance tomorrow, would you share it with your spouse? Or would you keep it all for yourself?
This is a topic I've noticed popping up a bit lately in my inbox. Here's an example: A letter writer asked if she was wrong for not splitting her inheritance with her husband. This one's a little tricky because he'll still benefit from her inheritance, but she's not sharing it 50/50. https://www.thepennyhoarder.co...itance-with-husband/
A lot of people aren't aware that inheritances are treated differently than money you earn while you're married. Almost always, the spouse who inherited property can keep the entire inheritance. If they divorce, the person who inherited the property is usually allowed to keep it all, provided that they don't co-mingle the money with other assets — say, by depositing money in a joint bank account.
It's an interesting dilemma. I've never been married and I have no expectation that I'll receive an inheritance, so I have no idea what I would do in this situation. Given the number of marriages that end in divorce, I can't fault someone for wanting to protect their money. But I can also see how the other spouse would be a bit perturbed in this situation.
What does everyone think? Should you keep inheritance money for yourself? Or should you split it with your spouse?