How are inherited assets treated in a divorce?
How are inherited assets treated in a divorce?
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.
Who gets the house in a divorce in Massachusetts?
In Massachusetts the court can divide both marital and separate property. However, the court will usually, but not always, award separate property to the original owner in a divorce. (separate property is property one spouse acquires before marriage, or owns through gift during the marriage).
How can I protect my money from divorce?
Financial Documentation to protect your money during divorceCollect copies of financial documentation, ideally from a period of 12 months before your separation, including: Keep a running list of assets and liabilities to be divided during the separation – update this list as assets are sold or debts paid off.
