My spouse and I are planning to separate in a matter of weeks. Neither of us are currently employed.
We have money in savings given as gifts to us over the past few years as I have battled 2 cancers.
Are there any legal reasons we could not use that gift money to pay for a second residence? How about any ethical reasons? The money was given to us to help with my illnesses. Separating is a different issue and was not planned when received the gifts.
If the monetary gift was intended as a gift for the marriage, then the money would be marital property that you and your spouse could divide and use however you both saw fit and agreed to.
Anna Ayscue
Attorney with Rosen Law Firm Cary • Chapel Hill • Durham • Raleigh • Wake Forest
Rosen Online | Unlimited confidential access to a North Carolina attorney for $199/mo - click here
The response posted above is based upon the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with an attorney, fully explain your situation, and allow the attorney sufficient opportunity to research the applicable law and facts required to render an accurate opinion. The basic information provided above is intended as a public service only, a full discussion with an attorney should be undertaken before taking any action. The information posted on this forum is available for public viewing and is not intended to create an attorney client relationship with any individual. These answers are provided for informational purposes only, a person should consult with their own individual legal counsel before taking any action that could affect their legal rights or obligations.