Legal Question in Family Law in New York
Asset Distributon re Divorce
My friend's husband inherited a large sum of money from his aunt. They are divorcing, married 35 years and live in NY State. He put the money in his name only. Will he be able to keep this separate from the marital assets.
Asked on 11/05/07, 5:37 pm
1 Answer from Attorneys
Debra Palazzo
Law Offices of Debra Palazzo, LLC
Re: Asset Distributon re Divorce
Yes. Inheritance, kept in separate account in his sole name, is his separate property.
Sounds like he got good advice.
Answered on 11/07/07, 8:43 am