Protect Inherited Assets Guide

Summary

Inherited assets in New York are generally considered separate property. To protect them, keep them separate from marital assets, avoid using them for marital expenses, and consider prenuptial or postnuptial agreements. Marital expenses include mortgage, utilities, groceries, childcare, healthcare, and transportation costs. Consult a local attorney for personalized advice.

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how do i protect inherited assets from my spouse
Hello ****, in New York, inherited assets are usually considered separate property. However, to ensure protection:
*. Keep the assets separate from marital assets.
*. Don't use the assets for marital expenses.
*. Consider a prenuptial or postnuptial agreement.
Please consult with a local attorney for personalized advice.
What are marital expenses?
Marital expenses typically refer to costs incurred during the marriage for the benefit of the household. These can include:
*. Mortgage or rent payments
*. Utilities
*. Groceries
*. Childcare costs
*. Health care expenses
*. Transportation costs
Please consult with a local attorney for more specific information.