Today on Bar Essentials, Ed Brundick discusses an important step many people overlook after receiving an inheritance. While an inheritance is generally considered separate property, depositing those funds into a joint account or using them for shared expenses can unintentionally convert them into marital assets. Ed explains why keeping inherited funds in a separate account can help protect your financial future, preserve the intentions of the loved one who left the gift, and reduce potential legal complications involving divorce, creditors, or estate planning.
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