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Make plans to keep your inheritance protected

An inheritance is the final way that a loved one can tell you that he or she loves you. When you receive one, you have to make sure that you handle it correctly so that you don't end up losing the things left to you.

If you know that you are likely going to get an inheritance, you can cover this point in a prenuptial agreement. This can help you know for certain that your inheritance will remain with you if you end up getting a divorce.

Without a prenuptial agreement, there is a chance that you could lose all or part of the inheritance. This is because you might put it with the marital assets, which could mean that the inheritance ends up being considered marital property. To avoid this, you need to make sure that you keep inheritance assets fully separated from marital assets. You can't use marital assets to pay for anything related to the inheritance.

It is possible that you could keep the inheritance in your hands if your loved one specifically notes that the inheritance is meant only for you. This is something that many people don't think about doing, but you might consider asking your loved one to add this terminology in the will or other documents if that person is still alive and you know you are going to get something upon that person's death.

Your entire goal of dealing with an inheritance during divorce might be to keep it in your family. This isn't always easy to do, but your attorney can help you figure out a way.

Source: FindLaw, "Inheritance and Divorce," accessed Oct. 13, 2017

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