Clients who have received an inheritance often ask me as an experienced Buffalo Divorce Lawyer, whether they must share the inheritance with their spouse – or whether they can keep it themselves
- Inheritances are generally considered separate property and, as such, need not be divided between the husband and wife.
- In situations where an inheritance that was acquired long ago has been commingled with marital funds or used to purchase a joint asset – such as a house – the answer is less clear.
- If the inheritance was kept segregated from other assets, it can often be protected from being shared with the other spouse.
Did you receive an inheritance, but worried that you could lose it in your divorce? Contact Buffalo Divorce Lawyer Michael Ranzenhofer to guide you.