inheritance and divorce

rysco13 · #1 Oct 22, 2007, 10:05 AM

A friend of mine is about to go thru a divorce. While he was married he inherited some money (check was in his name only). He deposited it into a joint account with his soon to be ex wife. Can she get her hands on the money? Or is is considered separate property even if it was deposited into an account with her name? Thanks for your help!

RichardBondMan · Oct 22, 2007, 05:52 PM

When you ask "can SHE get her hands on his money?", is SHE the ex or is SHE the fiance?. I think SHE, whoever SHE is, as long as SHE jointly owns the acct with your frined, can get her hands on his money. Might help is you could shed some light on which one you are talking about since the ex may be entitled to part of the acct by the divorce decree.

famlee · Oct 22, 2007, 07:43 PM

Quote:

When you ask "can SHE get her hands on his money?", is SHE the ex or is SHE the fiance?. I think SHE, whoever SHE is, as long as SHE jointly owns the acct with your frined, can get her hands on his money. Might help is you could shed some light on which one you are talking about since the ex may be entitled to part of the acct by the divorce decree.

Doesn't appear there is a fiance. He inherited money while married, in his name only, deposited into a joint account with his wife and is now getting divorced. Is his wife entitled to the money or a portion of?

s_cianci · Oct 22, 2007, 07:46 PM

Generally any assets that are acquired during the marriage are considered joint property. Since the money was deposited into a joint account she has access to it.



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