Will my inherited individual assets become joint in a divorce?
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Will my inherited individual assets become joint in a divorce?
I have an individual account set up at a brokerage firm and the assets were
inherited from my parents during my marriage. I have never transferred any
funds into a joint account with my spouse but I have used the interest income to
pay for martial bills and expenses. Do the assets in the account become joint in
the event of divorce?
Asked on February 25, 2016 under Family Law, New York
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
Inherited assets typically remain the sole property of the spouse who inherited them. The exception to this is if those assets were "co-mingled" with joint marital assets. However, you seem to have kept your inheritance seperate. Accordingly, you should retain these funds in a divorce. At this point, you may want to consult with a divorce attorney in your area; they can further advise you.
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