Inherited wealth can significantly complicate a divorce, introducing unique challenges that require careful legal and financial expertise. Understanding how inherited assets are treated in divorce proceedings is crucial for protecting your rights and achieving a fair settlement.

How Inherited Wealth is Typically Treated
Inherited assets are generally classified as separate property. However, commingling with marital assets or appreciation in value during the marriage may subject them to division in divorce proceedings. We’ll help
you understand how appreciation in value can impact the division. Additionally, inherited wealth can be a factor in determining spousal support.

Safeguard Inherited Wealth
To safeguard your inherited wealth in a divorce maintain detailed records of inherited assets including their origin and history, and avoid combining inherited assets with marital property to preserve their separate status. For anticipated significant inheritances, consider a pre or post nuptial agreement to outline asset treatment in case of divorce.

The Role of Valuation
Accurately valuing inherited assets is crucial in divorce proceedings. Complex assets, such as closely held businesses or real estate, require specialized valuation expertise.

Develop a strategy to protect your inherited wealth!
Contact us today for a confidential consultation to discuss your unique situation and learn how we can help safeguard your inheritance. Contact us at (312) 332-1344 or start here.