Is an inheritance part of a divorce settlement?

Is an inheritance part of a divorce settlement?

Generally, inheritances are not subject to equitable distribution because, by law, inheritances are not considered marital property. Instead, inheritances are treated as separate property belonging to the person who received the inheritance, and therefore may not be divided between the parties in a divorce.

What happens to inheritance money in a divorce UK?

In England and Wales, property and assets acquired through work, business or investment are usually put into the ‘matrimonial pot’ and divided equally on divorce. Inheritance can be treated as a matrimonial asset if both parties’ needs require the same to meet capital or income needs.

Is inheritance community property in Oklahoma?

For example, if a spouse obtains an inheritance, that inheritance is that spouse’s separate property. That is generally true, even if the inheritance occurs during the marriage. Oklahoma is a state that focuses on dividing marital property in a way that is equitable between divorcing spouses.