Dividing Inheritance in Divorce You probably already know (or at least suspect) that things that you earned or purchased during the marriage are marital property, and will be divided in the divorce. For most people, that means we’re talking about dividing the big ticket items – real property (houses and land), retirement and investment accounts, bank accounts, and bigger items of personal property, like cars, boats, and airplanes. How is an inheritance divided in divorce? If you’ve received … [Read more...]
Dividing personal property in divorce
Technically, everything should get divided in divorce. Anything, that is, that was earned, purchased or acquired during the marriage.Technically, everything should get divided in divorce. Anything, that is, that was earned, purchased or acquired during the marriage. In Virginia (as in most places, though I can’t speak for anywhere outside the Commonwealth), property is divided into three separate categories: marital, separate, and hybrid. Before we divide it in divorce, we classify it. … [Read more...]
