From Dow Jones & Co.:



This article talks about a married couple in their 40s, who make a combined income of $400,000 a year, and have two kids. One spouse is concerned about money due to their current spending habits. The other spouse has access to trust funds controlled by her mother, but the couple does not have full access to them. They are in a difficult situation on how to manage their finances, and are unsure what their future holds based on the trust. The author of the article suggests that the couple should live within their means and not rely on the future inheritance. He also warns the husband that any inheritance that his wife may receive will legally belong to her under New York law, and that their current living standards are already above the city’s median income.



Original: ‘We live in purgatory’: My wife has a multimillion-dollar trust fund, but my mother-in-law controls it. We earn $400,000 and spend beyond our means. What’s our next move?