Should I consider a prenuptial agreement to protect my inheritance?
Inheritance can be a tricky point in a divorce. Inherited funds that are paid to one spouse during a marriage are not matrimonial property. However, in practice, this is not always straightforward.
Many people use inherited funds to upgrade their property, buy a new house altogether or to pay down a mortgage. The inheritance then gets tangled into a matrimonial asset or debt. Years can pass and people don’t usually keep detailed records to show what was applied where. If the issue becomes live at the point of the divorce, the person who received the original inheritance may have to ask […]