FINANCIAL ISSUES - MARITAL PROPERTY V. SEPARATE PROPERTY
My husband and I are divorcing after almost 25 years of marriage. About 12 years ago he inherited about $45000 which we used to redo our kitchen. How will that affect the financial split ? We live in upstate NY.Answer:
If the property is held in both your names, your husband made a gift to you of half his inheritance
And should not be able to claim the entire contribution . If the property is held in his name only which he acquired prior to the marriage or with funds he had prior to the marriage,
the $45,000 Investment and the property belong to him.
If you wish to discuss mediating your divorce, please contact me .
Leonard Weiner, Esq./Divorce Solutions