Divorce and Inheritance
When couples say their vows to one another, usually the last thing on their mind is the possibility of divorce. Unfortunately, not every marriage works out. Statistics show that almost half of all first marriages and 60 percent of all second marriages end in divorce. The divorce proceedings can be extremely drawn out and hard to deal with, especially when it involves the division of property and assets. One asset many couples argue over is monetary or property inheritance.
If you have any questions or concerns about keeping your inheritance or making sure you get a portion of inheritance the both of you received, you need a professional legal representative to fight for you. To schedule a free consultation to discuss your legal options, contact the Conroe & Spring divorce lawyers of Garg & Associates, P.C., at 800-242-2151 today.
What to Do With Inheritance
In the majority of divorce proceedings, inheritance is typically regarded as separate property. This means it is not subject to equal division. In some cases, inheritance can transition from separate property to community property. This can happen if:
- If the inheritance is a piece of property and you and your former spouse invest together in improving the value of the home.
- You and your spouse split the inheritance tax.
- If the inheritance is kept in a joint savings account
- The spouse who inherits the money lets his or her spouse use it on a routine basis.
Contact Us
If you have any questions about the division of an inheritance received during your marriage, you need a professional attorney on your side. At Garg & Associates, P.C., our team of Conroe divorce lawyers is ready to help you every step of the way. Contact us today at 800-242-2151 for the skilled and experienced legal representation that you need.
