Most likely, a cash gift from a relative won’t be considered marital property, and won’t be subject to equitable distribution in a divorce in Buffalo.

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 716-542-5444 for a legal consultation with an experienced Buffalo divorce lawyer.