Legal Question in Family Law in Ohio
Division of marital assests for a divorce
My Father gets the intrest money from a trust inharited from his Mother . It was willed to him during the marrage.The trust is not his just the intrest from it. The trust goes to me upon my Fathers death. My mother is a homemaker. They have been married for 30 years. Is my Mother entitled to half of the intrest?
2 Answers from Attorneys
Re: Division of marital assests for a divorce
A gift given specifically to one spouse or the other may be considered a non marital asset and therefore, may not need to be divided in the case of a divorce.
Good Luck!!
Re: Division of marital assests for a divorce
A certain amount of the interest will be counted as a marital asset, and be subject to division, unless the terms of the trust prohibit it.