Equitable Distribution/inheritance


#1

If you received this money solely as a separate inheritance to you, and titled the things you purchased in your name only, then they remain your separate property. If you gave the car to him as a gift, that may be considered marital property.

Helena M. Nevicosi
Attorney with Rosen Law Firm

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#2

I understand that inheritance is considered separate property. It is also my understanding that items purchased with inheritance money is still considered separate property, is this correct? I purchased undeveloped land with my inheritance(kept in a separate personal account), my name is solely on the deed and I have been making the mortgage payments with the inheritance money. My husband claims we had a verbal agreement to develop the property and sell it. Because of the alleged agreement he says he is entitled to part of the property. I also purchased a vehicle for my business(it is titled in my name only)but on occasion we have driven it together as a family. He says that is part his as well. Is he correct? Thanks for your time. Ember

Ember Trimble