My Ex-Spouse's Parent Recently Passed Away. Am I Entitled to Any Inheritance Money?
DuPage County Divorce Attorneys Explain Process of Inheritance Money Distribution
When going through a divorce, dividing marital assets can be a very difficult and stressful process. Division of assets can become especially complicated if an ex-spouse's parent passes away and leaves behind inheritance money. There are many factors that need to be considered when deciding if and how the inherited money will be divided between both spouses.
Division of Inheritance Money in Divorce
If the inherited money is kept in the ex-spouse's name, and the money is not commingled with other marital funds, the inherited money will belong to the ex-spouse because it is considered non-marital property. If the inherited money is put in a joint account, or the money is commingled with other marital funds, the non-heir spouse may be eligible to receive a portion of the inherited money.
Property distribution in an Illinois divorce is often complicated. Determining who receives portions of inheritance money can be an emotional process for both parties. With all of these factors to consider, it is important to consult an experienced DuPage County divorce attorney at Mirabella, Kincaid, Frederick & Mirabella, LLC. For over 50 years we have handled numerous family law and divorce cases in DuPage, Kane, and Kendall counties. In order to get the answers you need about your divorce and asset division, please contact our experienced divorce attorneys at 630-665-7300.