Keep inheritance separate to protect it during separation

nzherald.co.nz

Inheritance is generally considered separate property under the Property (Relationships) Act 1976. This means it is usually not divided in a separation. However, if inherited money is mixed with joint funds, it may lose this status. To protect your inheritance, keep the funds separate. Avoid depositing them into a joint account. This helps ensure that the money remains classified as separate property if you and your wife separate. Counseling may help your relationship, but it's important to understand your rights regarding inheritance. Keeping your inheritance distinct can safeguard it during any potential separation.


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