Tldr; Ex wants me to put half my inheritance in a trust for our kid... But she's not doing the same
We have a 28-month-old daughter. I inherited roughly $90,000 three years ago. Invested it and spent a chunk on bills. Today there's about $70,000 remaining. My ex has inherited an apartment that she currently rents out, as well as legal ownership of half of her family farm (split with her sister). Now we are separating she wants me to take half of my interitance and put it in an investment account trust for my daughter that no one but her can touch and is locked until she turns 18.
My plan has always been to take my inheritance and my retirement accounts and keep investing as much as I can so save as much as I can for my daughter. I don't plan to have any more kids, and I don't have any plans to spend the money. I'd prefer to keep the money under my control and invest it best I can and help my child, rather than sign it over as a trust fun. I'm uncomfortable with handing any 18-year-old a giant check. I remember 18 pretty clearly. Not sure sound financial decisions were even possible for me at that age.
I want to take care of my child of course but it feels like this is more about control and trust. Like, she doesn't trust me to save money for our daughter so I have to give my money up, but she's trustworthy so she can keep her inherited wealth in her name.
My plan was a counter-proposal where she also signs over half of her inheritance, meaning her apartment and all rental income go into a trust for our child. But even that feels a bit like a silly game of "i'll do the bad thing only if you do it too." Should I negotiate this? Does it make good sense for my daughter? Or is this her hurt feelings and knowing she has no legal claim to this money and a way of getting some payback for the breakup?
Thx
Submitted August 04, 2021 at 06:53AM by Agitated-Amphibian-3 https://ift.tt/3lJMG4z
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