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Ken Jewell Law | Matrimonial Law | New York, NY

Ken Jewell Law | Matrimonial Law | New York, NY

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Case Study: Inherited money

Home » About Us » Case Studies » Case Study: Inherited money

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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