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Inheritance considered separate property or marital asset?

Posted on October 3rd, 2011 by Amy Montes in Attorney, Divorce, Inheritance

When a couple starts dividing their assets as the divorce process goes into effect, any inheritance one may have received during the marriage is put on the table.

The question arises – Is the money considered separate property or is it a marital asset?  The answer is determined by whether the money was kept in a separate account, used in the marriage to purchase marital assets or put into a joint bank account.

If you kept your money in a separate account, it is considered separate property when you divorce.

If you are seeking a divorce and need help protecting your inheritance, contact an experienced Orange County Family Law attorney who will work to protect your inheritance and your interests during property division and divorce.

Tags: attorney, Divorce, ex-spouse, inheritance, joint account, mariatal asset, marriage, separate property

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Our legal team is dedicated to helping individuals achieve new beginnings after divorce and other complicated family law issues. Attorney Amy Montes', dedication and experience led to her being named one of 2009's Who's Who in Orange County in Orange County Lawyers Magazine.

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The Montes Law Firm, APC provides comprehensive family law representation for individuals throughout Orange County, California, including the communities of Irvine, Santa Ana, Tustin, Anaheim, Costa Mesa, Fullerton, Orange, Seal Beach, Huntington Beach, Villa Park, Yorba Linda, Aliso Viejo, Brea, Buena Park, Cypress and Fountain Valley.

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