10 Things To Consider Before Comingling Finances
Is this inherited money?
When it’s your money that you earned through hard work, it’s yours to do what you want with. When it’s inherited money, that’s only partially true. Other feelings are involved. If a grandparent, for example, left you a small inheritance, her hopes may have been that you used that to create some independent stability. So if you’re about to comingle that cash with a partner’s in a down payment on an investment property, you might be going against your grandparent’s wishes. Once you comingle inherited money, that’s community property. If you put 50K in an investment property, and your partner does the same, you now share a 100K investment. You don’t have separate cash anymore. But so long as you independently invest inherited money, that’s yours – even if you’re married.
