[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/nmichlaw.com\/blog\/with-divorce-in-mind-dont-commingle-your-inheritance\/#BlogPosting","mainEntityOfPage":"https:\/\/nmichlaw.com\/blog\/with-divorce-in-mind-dont-commingle-your-inheritance\/","headline":"With Divorce in Mind, Don\u2019t Commingle Your Inheritance","name":"With Divorce in Mind, Don\u2019t Commingle Your Inheritance","description":"When you get a financial inheritance from your parents, it can change your life. That sudden influx of money may give you enough to retire, start your own business or merely feel secure in the fact that your financial future … Continue reading →<\/span><\/a>","datePublished":"2021-01-08","dateModified":"2022-06-21","author":{"@type":"Person","@id":"https:\/\/nmichlaw.com\/blog\/author\/nmichlaw\/#Person","name":"Alward Fisher","url":"https:\/\/nmichlaw.com\/blog\/author\/nmichlaw\/","identifier":10,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/63071aa228c966abd886a2cbb647b07806c39706d3fbac14fe9c4c475edc7457?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/63071aa228c966abd886a2cbb647b07806c39706d3fbac14fe9c4c475edc7457?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Alward Fisher","logo":{"@type":"ImageObject","@id":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/09\/logo-fisher.png","url":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/09\/logo-fisher.png","width":288,"height":103}},"image":{"@type":"ImageObject","@id":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/10\/feature-home-mobile-1.jpg","url":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/10\/feature-home-mobile-1.jpg","height":"100","width":"100"},"url":"https:\/\/nmichlaw.com\/blog\/with-divorce-in-mind-dont-commingle-your-inheritance\/","about":["Divorce"],"wordCount":358,"articleBody":"When you get a financial inheritance from your parents, it can change your life. That sudden influx of money may give you enough to retire, start your own business or merely feel secure in the fact that your financial future is protected.To keep it this way, if you\u2019re worried that you may eventually get a divorce, make sure that you do not commingle that inheritance. Doing so can allow your spouse to claim some of it for their own as your marriage ends.What is commingling?Generally speaking, commingling just means\u00a0combining funds\u00a0or accounts that you control. For instance, you and your spouse may have a main bank account that you access jointly. All of the money in that account is a marital asset.If you put your inheritance in its own account \u2014 which only you can access \u2014 it\u2019s easier to say that it\u2019s a separate asset from outside of your marriage. This means you get to keep it in the divorce. If you put it into the joint account, though, your ex can claim that you allowed them to use the money during your marriage. You also mixed it with other funds, making it impossible to tell apart any longer. On these grounds, they can sometimes claim a portion of that inheritance, even though you both know that it was not your parents\u2019 intention to leave it to them.Complex financial assets can make for a complex divorceAny time that you\u2019re facing divorce and you have more complex financial assets, it is critical that you understand exactly\u00a0what legal steps to take. Our firm can help guide you through this process.About the AuthorLatest PostsAlward FisherAt Alward Fisher, we provide more than savvy legal representation. We provide peace of mind. Peace of mind for your business. Peace of mind for your family. And the peace of mind for your future. No matter what types of legal challenges you are facing, we can help you find solutions.Can Someone with the Power of Attorney Change a Will?Can a Divorce Be Denied in Michigan?What Is the Downside of Collaborative Divorce?"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/nmichlaw.com\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"With Divorce in Mind, Don\u2019t Commingle Your Inheritance","item":"https:\/\/nmichlaw.com\/blog\/with-divorce-in-mind-dont-commingle-your-inheritance\/#breadcrumbitem"}]}]