What Happens to the House in a Divorce?
Have you or a loved one started the divorce process and started to wonder what happens to the house in a divorce? In this video, Attorney Brian Freeman explains the answer to that question. Contact one of our experienced Jersey City divorce attorneys to guide you through the process.
Generally, one spouse’s inheritance will not be subject to equitable distribution, so long as that inheritance was not commingled with marital funds. If the inheritance is commingled with marital funds – or you used the inheritance for marital bills, to support the marital lifestyle – you could subject yourself to having that inheritance considered in equitable distribution. However, an inheritance that is kept segregated from the marital funds will not be subject to marital distribution. It will be considered if the party who received the inheritance has an alimony obligation because it would then be considered in assessing ability to pay either child support or an alimony award.