Call Us Today 781.848.5980
Call Us Today 781.848.5980

Is an Inheritance a Marital Asset?

By Ullian Associates of The Law Firm of Ullian & Associates, P.C. on May 7, 2015

When dividing assets in a divorce many people wonder if an inheritance that they have received is considered a martial asset and needs to be divided. In short, the answer is yes it is a marital asset, but if it needs to be divided depends on when it was acquired. If it was just received six months ago and has been sitting in a bank account since then, it is likely not going to be divided. If the inheritance was received ten years ago during the marriage, then it will likely be divided by the Court, although not necessarily divided evenly. The percentage each side will receive will depend on many factors that are used in dividing marital assets under Massachusetts General Laws Chapter 28, Section 34.

For more information on bankruptcy or to schedule your free consultation with The Law Firm of Ullian & Associates, P.C., contact us here.

What Our Clients Say

“ Dear John – As Thanksgiving approaches, I always reflect on my life during the prior year to determine what situations or individuals I owe thanks to – and believe me, you are at the top of my list! John, I hope I can express to you, my gratitude for the tremendous change that has occurred in my life within these past six months … since my [bankruptcy] filing, I have made every effort to look toward the future – towards a life that would have been impossible without your help. … ”


All Testimonials