When a couple divorces, there are a great number of assets and finances that must be divided. Couples fight over the house, the cars, retirement accounts and even the antique bowls Grandma gave them. But one of the most common questions regarding property division in divorce is what happens to inheritances. Are inheritances subject to division? If you divorce, will you be able to keep an inheritance that was left to you by a relative?
Going through a divorce is tough on anyone. After all, you're completely severing from the life you know and striking out into the unknown, which is one of the scariest things we can do as humans. For most people, the sordid details of the divorce remain a secret. For some, however, especially those in the spotlight or those with a degree of wealth, every element and every awful rumor becomes fodder for the public.
Getting divorced is a painful process and anyone who tells you otherwise is lying. Not only is it emotionally taxing to split from someone with whom you've spent a large part of your life, but now you have to hash out details like child custody, spousal support and property division.
Physical property often takes a backseat during a divorce, to emotions. But, deciding what things are yours is an important step of the process. Making sure you keep what's yours during the proceedings will prevent regret later in life. Sometimes, the law can seem to muddy the definition of what a couple shares and what is private. There are some guidelines, though, to help determine what you might be able to keep.