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An inheritance would count as separate property and therefore not divided in the divorce.
So there is nothing I need do now to protect that money in case my father dies? Are the laws about that the same everywhere, including North Dakota? I guess our other savings and individual accounts, mutual funds, house, and so on, are more complicated, and their status would have to be decided by courts or lawyer negotiations. Is that true? For example, I have a mutual funds and bonds in my own name, purchased with earnings from a previous job. Is there anything I could do to protect such assets, or should I just wait to see if the marriage is saved?
Any assets or income brought in during the marriage or assets that increased in value during the marriage will be marital property. But yes, generally, you'll have to talk that all out during the divorce.
OK, as long as an inheritance would not count as marital property, it seems best to wait. Thank you.
Great! I wish you the best of luck!
If I can answer anything further, let me know. Remember, I'm here to help and your satisfaction is guaranteed. If you don't have any questions and you valued my time, I'd ask you to consider rating me positively. Take care,Michael
OK, thanks a lot. David
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