Case Study: Inherited money

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Facts: Judy inherited $2.5 million from her mother and deposited it in a separate bank account. Periodically she withdrew money which she deposited into the joint account to pay bills.

Action: What part of the inheritance is just hers?

Result: Because she had always kept the inherited money in a separate individual account, the money in that separate individual account remained just hers. The money Judy deposited in the joint account to pay bills was marital property to be split 50-50 (if there were unused funds in the account) at the time of the divorce.

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