Legal Question in Family Law in Iowa

commingled inheritance

I received inheritance from father and was beneficiary in wrongful death suit. Money received 15 months ago. I set up joint brokerage accounts (my name first). No other money added to it. I manage all accounts. Accounts set up jointly for estate planning purposes. I realize now I should have kept separate in order to protect my rights in case of divorce. Husband is willing to re-tital accounts to individual account or set up trust with me as sole trustee. In doing so, would it once again be considered my sole asset?


Asked on 1/01/07, 9:35 pm

1 Answer from Attorneys
Robert Luedeman solo practitioner

Re: commingled inheritance

It still will be considered property of the marital estate (that will not change) but if your husband is willing to formally relinquish any claim to the asset I see no problem there.

Read more
Answered on 1/02/07, 9:58 am


Related Questions & Answers

More Family Law, Divorce, Child Custody and Adoption questions and answers in Iowa