Legal Question in Family Law in New York
divorce ,
my wife of 15 years just came into some money her mother
passed away. we have a 12 year old send. she makes twice as
must as i do. if we divorce is this money commuity propery.
I'm i entitle to some
1 Answer from Attorneys
Re: divorce ,
First: NY is NOT a "community property" state.
Second: NY does have "marital distribution", which is similar to "community property". In general terms, "marital distribution" means that - should there be a divorce - husband & wife each have a 50% interest in any/all property, money, pensions, investments, etc., accumulated during the marriage.
Third: However, an inheritance received by a spouse is NOT subject to marital distribution - - the inheritance is the individual property of the spouse who inherited it.
Regards, etc.,
J.M. Hayes
>>--> The foregoing amounts to musings and observations based on some years familiarity with the 'day-to-day' operation of the law with regard to the issues involved In The Most General sense; my remarks should not be thought of as "legal advice and counsel" in the formal sense of that phrase, since there is, in fact, no 'attorney / client' relationship existing between us. <-<<