Wow, I have written and rewritten the intro to this post five separate times and I cannot get the words to come out right! Partly, it’s because too many people reading this have lost someone dear, and I worry a topic that touches on losing loved ones might be triggering. If that sounds like you, please be gentle to yourself and feel free to check back in another day.

Partly, it’s because the topic of “inheritance” is so emotionally loaded. Right up front, you have a loss. So there are going to be all sorts of complicated feelings about an inheritance based on your relationship to the deceased. Maybe especially when that inheritance is not oodles of cash, but a baby grand piano, or a speedboat, or a timeshare in Argentina, or a collection of Meissen clowns, or a living, breathing lives-up-to-150-years tortoise.

(Perhaps the more logical minded among us have less of an issue with this than I do, but I am SO SENTIMENTAL. I cannot even THINK about inheriting anything without getting all teary and upset. I am pretty much banned from talking to my mother-in-law about things she wants to give away, because I will 100% take them, if only because they belonged to Great Aunt Hoosit. No thought to whether we need a six-feet-tall marble phonograph or a set of John Travolta-themed dishware. I get all wrapped up in the story behind the thing and can no longer see the thing itself.)

Once you get past the whole “someone I love has died” aspect of inheritance, you have the equally complicated issue of trying to fit someone else’s [heirloom] into your life. A life which may not have room for said [heirloom] for a wide range of reasons.

Finally, there’s the additional complexity of trying to navigate the inheritance of something precious to YOU when it may not be quite so precious to the person you share a life with. (I am not even going to get into the wildly complicated aspects of sharing an inheritance with a sibling, parent, step-sibling/parent, or other relative. That’s a different topic entirely.)

“What to do when your spouse inherits something you don’t care about” is what I most want to discuss today, although I 100% want to hear of any weird or unusual or particularly precious heirlooms in your own family lore.

Edited to add: Whoops! I forgot to mention that the below scenario is 100% FAKE. The watch is a stand-in for any heirloom. As you read, see if your calculus would change if [watch] were replaced by [sailboat], [lake house], [parrot], [pipe organ], or any other heirloom that would definitely incur costs. Would your response change if it were YOUR [heirloom] and not your spouse’s?

SCENARIO

Upon his death, a beloved grandfather bequeaths a very valuable antique watch to your spouse. The watch has both sentimental value (your spouse recalls seeing it on Grandfather’s wrist for the duration of his life; your spouse has fond memories of trying on the watch; your spouse can recite word for word the story of how Grandfather came to own this high-end timepiece) and financial value (the watch is nearly 60 years old and in perfect shape; it has an insurance value of $20,000).

When your spouse first takes possession of this watch, there are some initial costs. The watch requires insurance, which costs about $300 a year. To keep the watch safe from pets and children, your spouse purchases a watch box for about $100.

Your spouse wears the watch as often as possible. After all, the grandfather enjoyed the watch; so should your spouse.

Then you learn that the watch will require some routine maintenance. Maybe it needs a professional cleaning for around $50. Maybe it needs an annual water-resistance inspection for $50.

Okay, the annual costs are adding up a bit. But it’s not a ton of money. And surely there are costs that you incur that you don’t even think about.

Plus, the watch clearly brings your spouse joy. The grandfather’s memory proudly circles your spouse’s wrist. The feeling of closeness your spouse feels to the grandfather – well, that’s priceless.

Except… Now the watch needs a mainspring replacement for $150, which isn’t nothing, but… okay, fine. And then the winding mechanism fails and requires a $400 repair. And then one of the links becomes damaged, and now the watch repair people are quoting you $500 to repair the bracelet.

Suddenly, your spouse’s precious heirloom is costing some real money.

ASSUMPTIONS

Let’s assume, before you decide how you will respond, that:

• you and your spouse share a primary bank account, but also have separate “personal expenses” accounts
• you have ample money in your shared account to cover these costs with no problem, but the costs are more than your spouse’s “personal expenses” account could pay for without significant hardship (i.e., your spouse would not be able to buy you a birthday gift, or afford a NYT Games subscription, or whatever would constitute a “significant hardship” in this lack-of-actual-hardship situation)
• you are not a “watch person” and do not care about watches beyond their ability to tell time
• you love your spouse
• you loved your spouse’s grandfather, even though you weren’t as close to him as your spouse was

YOUR RESPONSE

So what do you DO? I think we need another poll.

I’m pretty sure that most of the people in this little blogging community are Of The Age to have either dealt with this subject already, or who will likely be dealing with it in the not-too-distant future. Maybe it will cost us money or maybe it will cost us sleep. Maybe we will love the inheritance as much as our spouse does or maybe there will be a vast imbalance. Maybe – and this is my sincere, heartfelt, and impossible wish – we will all live forever with those we hold most dear.

I don’t know if we can necessarily predict our reaction to any sort of bequest until it happens. But I would love your thoughts anyway.