Let’s say that you have a grandparent that you are particularly close to, and they leave you a gift through inheritance that means the world to you. Flash forward a few years and you’ve got a marriage and an upcoming divorce that you believe may get kind of ugly. Because of this, you wonder if… Continue reading →
Posts Tagged ‘inheritance’
Inheritance and Divorce in California: Your Questions Answered!
When you are going through a divorce in California, there are many different factors that you must consider. Typically, if you inherit something from say, a great aunt or a grandparent, it will not be subject to equitable distribution. This is due to the simple fact that it is not considered to be marital property…. Continue reading →
Do I need a postnuptial agreement?
A postnuptial agreement is a written contract signed and executed after the couple gets married detailing how to handle family matters if the marriage ends in divorce. Having a postnuptial agreement is more common than you think. Like the contents of a prenuptial agreement, it can include provisions for property division, support, etc. It is… Continue reading →
Divorce and division of assets
If you are facing divorce and about to be on your own, you are naturally concerned about how your assets and liabilities will be divided. Generally, marital property is considered to be assets and debts acquired during the marriage. Non-marital property is property acquired before the marriage. An exception would be an inheritance received during… Continue reading →
Prenuptial agreement before marriage
A couple that enters into a prenuptial agreement before marriage addresses property issues that may arise in the event of divorce down the road. They are entered into when there are children from a previous relationship that need to be provided for. In addition, they are used when one party brings substantially greater assets into… Continue reading →
Inheritance and divorce
You and your spouse have decided to divorce. You know California is a community property state. What is to become with the inheritance you received from your dad? Don’t be alarmed; an inheritance received during your marriage is considered separate property. However, there are times when it can be considered marital property. One example is… Continue reading →
Inheritance considered separate property or marital asset?
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… Continue reading →
Divorce and Inheritance
Under California law, when a couple divorces, each spouse is entitled to one-half of all assets accumulated during their marriage. If an inheritance is involved, that is not included; a gift of inheritance is considered separate property and is not required to be shared. Separate property is something acquired by either party before the marriage…. Continue reading →
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