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.
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 before the marriage or with funds he had before the wedding, 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