NEW YORK: In New York, inheritances are off the table in divorce but not so in London?

Really quickly, inheritances are off the table when you get divorced in New York, unless you “commingled’ the assets with marital property. So when you get divorced, if your spouse’s wealth is mainly from an bequest or devise or he or she was an heir to a fortune, forget about getting your “equitable share.” You … Continue reading “NEW YORK: In New York, inheritances are off the table in divorce but not so in London?”

How to handle marital gifts

This is easy. If you received gifts for or after your marriage, these gifts belong to both you and your spouse equally, unless the third party who bestowed the gift made it clear that the gift was for only one of the spouses. Absent a showing that the gift was intended to be for only one … Continue reading “How to handle marital gifts”

NEW YORK: Dr. Susan Hirschfeld sues her husband for $500K in maintenance/spousal support… What is the purpose of maintenance?

Dr. Susan Hirschfeld, wife of multi-millionaire real estate mogul Elie Hirschfeld, Esq., has brought action in Manhattan Supreme Court for maintenance and spousal support from her estranged husband. Mrs. Hirschfeld claims that her husband (who is worth in excess of half a billion dollars which he inherited from his father) owes her approximately half a million … Continue reading “NEW YORK: Dr. Susan Hirschfeld sues her husband for $500K in maintenance/spousal support… What is the purpose of maintenance?”

NEW YORK: On Blaine Trump’s divorce from Robert Trump: will she get any of his “inherited” money?

Blaine Trump’s decolletage is hardly the reason we are surprised that Robert Trump has decided to finally make the divorce official. The two have allegedly been separated for three years and filed late September, 08, in Manhattan Supreme, for divorce, even though the couple lives in Millbrook. Robert is said to be trying to fight … Continue reading “NEW YORK: On Blaine Trump’s divorce from Robert Trump: will she get any of his “inherited” money?”

NEW YORK: Geisel v. Geisel, 659 N.Y.S.2d 511 (1997) How inheritances impact settlements

  Normally, inheritances are not marital property, so that even if you or your spouse inherited money, and you have been living off the interest, the principal is usally locked up in a trust and is not marital property but in fact separate property. But there are always ways that a good thing can get … Continue reading “NEW YORK: Geisel v. Geisel, 659 N.Y.S.2d 511 (1997) How inheritances impact settlements”