Protecting Inherited and Gifted Assets in a Divorce

In New York, as in many other states, gifted and inherited assets are considered “separate” property for matrimonial purposes. Essentially, this means that you need not share those assets with your spouse in the event of divorce. However, it is extremely important that you keep those assets in your own name, and do not use them for marital purposes, mingle them with other assets, or add your spouse’s names to the titling of those assets. If you do, they lose their separate character and are subject to equitable distribution in a divorce proceeding.

About the Author

Angela Siegel focuses her practice on Business & Commercial Law, Estate Planning, Probate & Estate Administration, Real Estate Law, and Wills. Committed to providing personalized and thorough legal services, Angela is dedicated to ensuring that each client receives the highest level of attention and expertise tailored to their unique needs.