Answer: You did not mention what state you or living in which would have jurisdiction over your divorce proceeding. In the State of New York and most other jurisdictions, money or other assets received by inheritance if kept separate and apart from joint property, and not commingled with other marital property (i.e. putting the inheritance […]
Answer: You did not mention what state you or living in which would have jurisdiction over your divorce proceeding. In the State of New York and most other jurisdictions, money or other assets received by inheritance if kept separate and apart from joint property, and not commingled with other marital property (i.e. putting the inheritance money in a joint banking account), remains separate property and is not included as marital property, although it may be considered when the court determines your ability to pay spousal and child support.