Robert G. Smith, PLLC

Divorcing your partner from an inheritance

Losing a close member of your family can be difficult, but often they leave something behind as an ode to their time in your life. The gift can be very personal, and the last thing you want is to lose any bit of it in a divorce

Inheritance can be a complicated process that is rooted in strong emotional ties. When considering divorce, you don’t want to part with what is rightfully yours, and you may not have to if your inheritance qualifies as separate property.

Eyes on the beholder

In the event of a divorce with no agreement in place, New York is an equitable distribution state. The court has the final say on an equal division of assets, but this division only pertains to marital property. Separate property, like a qualifying inheritance, marks you as the sole owner in the eyes of the court.

  • Agree to disagree: A court can consider a written agreement signed before the marriage that spells out separate assets. If your partner agreed to set aside your inheritance ahead of time, that saves you the trouble of defending your sole ownership. However, a judge does have the authority to decide your arrangement is unfair, and then the court can ignore your accord.
  • Divorcing assets: An apparent division from marital holdings will go a long way to proving the inheritance is yours alone. Any money or property that gets mixed with shared assets can hang on to a commingled tag, even if separated later.
  • Promises of profit: You can also be entitled to any profit or dividends that come with your inherited property. If you can show the principle is separate, any separate off-shoots could stay yours after the divorce. But be careful, even an act as benevolent as using the money earned from investments to support the household is enough for the court to interpret something as a shared investment.
  • Mixed and muddied: And there are other ways the court can award your partner a piece of your inheritance. Your spouse can look for a claim through assistance, and that doesn’t have to mean financially. Using your partner’s skills, time or influence in any way can be a quick road to a shared asset.

Have your finances organized and be ready to show a full picture of your sole stewardship. Preparation can make sure you retain full ownership of the gift that means so much to you.

No Comments

Leave a comment
Comment Information

Get The Help You need

If you would like to talk with me, call my office in Manhattan at 212-499-0940 or contact me online.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Email Us Today

Robert G. Smith, PLLC
950 Third Ave., 11th Floor
New York, NY 10022

Phone: 212-499-0940
Fax: 212-499-9091
New York Law Office Map