Legal Question in Family Law in Massachusetts
is gift money a marital asset?
I'm getting divorced. My mother gifted me my ''inheritance money'' from the sale of her house before her death since she wanted to see me and my sisters enjoy our inheritance. This money ($36,000) was given solely to me while I was married. Will this be considered part of the marital assets and divided as so?
Asked on 7/21/08, 1:38 pm
2 Answers from Attorneys
henry lebensbaum
Law Offices of Henry Lebensbaum (978-749-3606)
is gift money a marital asset?
As far as I am concerned it is part of the marital estate.
Answered on 7/21/08, 1:54 pm
Gregory Lee
Gregory P. Lee, Attorney at Law
Re: is gift money a marital asset?
All money is at least arguably a marital asset. However, this probably will not be divided, as it does not sound as if it was ever used for marital purposes.
Answered on 7/21/08, 1:57 pm