Some exceptions exist, however, and if you’re contemplating divorce, there are steps you can take to protect a cash gift.
The most important is making sure that you don’t commingle the gift with marital funds.
If you deposit a check into a jointly owned marital bank account, the court may determine that the funds have become a marital asset.
Keeping it separate, in a personally owned checking or savings account, is the best way to ensure that your money will stay yours.
The attorneys at Friedman & Ranzenhofer can help you protect your wealth and assets in a divorce.
Call us today at 585-484-7432 for a legal consultation with an experienced Rochester divorce lawyer.
Recent Posts
Divorce Filings Spike in January: What Rochester Couples Should Know
As we turn the page to a new year, many Rochester couples find themselves reconsidering [...]
Thinking About Divorce Before the Holidays? Why October Is a Crucial Month
The end of the year is a time of reflection, often filled with family gatherings, [...]
What Are The Complications Of Same-Sex NY Divorces?
New York same-sex couples have many issues to consider when separating – especially if their [...]
NY Family Law Attorney Jobs
Due to rapid growth in our matrimonial/family law department, we are recruiting attorneys who are passionate [...]
Navigating High-Asset Divorces in Rochester Tips from an Experienced Attorney
Divorce is never easy, but when it involves high-asset individuals, the challenges can feel overwhelming. [...]
Understanding Spousal Maintenance in Rochester Divorce Cases
If you’re reading this, it likely means you’re going through a divorce or thinking about [...]
Understanding Divorce and the Role of Forensic Accountants in Rochester Divorce Cases
Going through a divorce can feel overwhelming. The emotional toll, coupled with the confusion about [...]
Exploring Alternatives to Traditional Litigation in Rochester, NY
Divorce can be one of the most emotional and challenging experiences a person faces. If [...]