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For Richer, For Poorer
Insidious Issues
07/01/2004


This perception, if not acknowledged by a couple, can put enormous pressure on the marriage, and manifest itself in resentment, arguments about control of assets and income, and chronic problems with in-laws.

Lee Hausner, of IFF Advisors, says these pressures are ending an increasing number of relationships. “In the last seven or eight years, I’ve noticed that women heirs were never on their first marriages, and when I’ve asked them why, it was always about the money,” she says.

The nonaffluent spouse
Professional men who marry into money often find it very difficult to maintain their sense of self-esteem, especially if their new families do not share their view of the value of a career. This is much less of a problem when he marries someone who has built her own fortune, notes Joan DiFuria, of the Money Meaning and Choices Institute. “The self-earners will work with the nonaffluent spouse much differently than an inheritor of wealth,” she says, because they will have more of the same values in common.

Hausner relates the story of a leading surgeon she met some years back who was considered a wet blanket by his wife’s family because he could not drop everything and join them for long vacations on short notice. “He got no credit, no respect for his accomplishments,” she says, “so they eventually got divorced.”

GUILT

The affluent spouse

Guilt plagues many inheritors, DiFuria notes. “When people don’t work there’s a high guilt factor, especially with women, who may be extremely generous with the men in their lives, whom may not be as financially competent,” she explains. This can lead affluent women to choose poor spouses, or to simply fail to embrace the opportunities their wealth provides.

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