Are you worried about protecting your inheritance during a divorce? An experienced New York divorce lawyer can help protect your assets, along with handling all other aspects of divorce. Contact our office today to consult with our Saratoga divorce attorneys and find out more about protecting your inheritance during a divorce.
Protecting Your Inheritance During a Divorce
If you receive an inheritance it may remain your separate property, even if you received the inheritance during your marriage. It depends, though, on how you kept that inheritance. If it was a cash inheritance and you kept it in a separate account under your name only, and did not comingle any inherited funds with funds in a joint account, the court will not consider your inheritance to be marital property. If the inheritance was a piece of real estate held in your name only, and you made no improvements to the property using marital funds, it will remain separate property. However, if you put your spouse’s name on any cash account or property, you risk the court determining that all or part of the inheritance is marital property.
Download Our FREE Divorce Guide
Protecting Your Inheritance During a Divorce
If your parent or sibling wants to add your name to a bank account, your spouse will not generally be able to access that account or the funds within it. Your spouse may make a claim to those funds, but so long as you have not transferred any marital funds into the account (for example, in an attempt to hide or protect those funds), the court will most likely deny the claim.
Protecting Your Inheritance During a Divorce
Our Saratoga divorce attorneys cover every aspect of divorce at every stage, from contemplation to litigation, from settlement to modifications of orders. Mahserjian & Mahserjian-Ortiz, PLLC maintains low effective hourly rates for all of our legal services.
To speak with our experienced Saratoga divorce attorneys, call Mahserjian & Mahserjian-Ortiz, PLLC at (888) 919-1380. We are happy to answer your questions and schedule an initial appointment at our Clifton Park office. You can also schedule an appointment by contacting us online.
