When Inheritance Becomes Joint Property

When people enter into a marriage, they typically do so with the belief that they are committing to a lifetime with their spouse. However, in approximately half of all marriages, this is not the case, as one or both parties decide that a divorce is necessary. In the division of assets which accompanies a divorce settlement, assets or property gained through inheritance are sometimes overlooked by parting spouses. Inheritance could go to one person when a marriage is dissolved, or it could become the joint property of both spouses.

For information and assistance regarding the treatment of your inheritance in the consideration of your divorce, contact the Orlando divorce attorneys of the Schlegel Law Group at 407-648-0280 to discuss your case, free of charge. Our compassionate attorneys can answer any divorce-related questions you have and can help you to protect your own inheritance or to seek a portion of your spouse’s inheritance if it is rightfully yours.

Situations in which Inheritance Becomes Joint Property

There are certain situations in which an individual’s inheritance can become the property of both spouses. These include:

• When the funds derived from inheritance are contained within a joint bank account

• When both partners have invested in inherited property

• When the value of the inheritance has risen during the marriage

During a divorce settlement, the recipient of the inheritance may not retain full control of the inherited properties if one or more of the above mentioned conditions is met.

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The division of assets is not intended to be punitive, it is to be fair, and this extends to include assets and property gained through inheritance. Contact the Orlando divorce attorneys of the Schlegel Law Group at 407-648-0280 to learn more about your legal rights as you seek a divorce.