When Inheritance Becomes Joint Property

August 5th, 2011 | Author: | Family Law

Every couple that chooses to get married believes their relationship will last forever. Unfortunately, this is not the case and over half of all marriages end in divorce. When a couple files for divorce, part of the process is the division of assets or property. There are many assets that are often overlooked during the division process. This includes any inheritance one spouse may receive in the form of property, cash, or anything else.

While inheritance is typically considered separate property, there are some cases when it becomes joint property and therefore subject to division. If you or your partner has received inheritance during your marriage and you want to discuss your legal options on fighting for ownership, contact a qualified divorce lawyer today.

Times Where Inheritance Becomes Joint Property

Generally speaking, an inheritance is considered separate property, but there are times when the property may become community property. These situations include the following:

  • If the inheritance was property and both spouses invested money or time into fixing or decorating it
  • If the inheritance was cash and the money was placed and used by both spouses in a joint bank account
  • The inheritance value rose during the course of the relationship

To make sure you get the money or other assets that belong to you, contact a professional legal representative today and take control of your life. A divorce lawyer can help you keep your assets that should be exempt from division out of your former spouse’s hands. To learn more about asset division, click here.



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