Legal Question in Family Law in Ohio
I have a savings account set up in my name payable on death to my daughter. It is money that was given to me when my father died in 1992. It was never put in any account with my husband's name; it was to be used for my daughter's college education. My husband has maxed out our home equity loan and we are barely speaking. If we separate, is that money going to be considered as our assets to be split? or will it be off limits since it was an inheritance separate from our joint accounts? We were married in 1988.
Thank you,
Karen
Asked on 11/03/09, 11:45 am
1 Answer from Attorneys
Edward DiCato
Edward DiCato Attorney at Law
Generally, an inheitance in exempt from the one-half rule. I say this without knowing the details.
Ed DiCato
Answered on 11/08/09, 5:24 pm
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