QUESTION

Do I have any rights to husband’s inheritance after divorce?

Asked on Oct 12th, 2012 on Divorce - California
More details to this question:
I have been married for 33 years, separated for 4. I will be filing a divorce next year. Do I have rights to his inheritance, received post separation? How does the retirement assets get divided? At what point would the division start, time prior to separation or the whole marriage? What if he spent his 401K and is not working now?
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7 ANSWERS

Inheritance is part of the definition of separate property. If the 401k is spent there is nothing to divide. Pension plans are divided up according to the time he was in the retirement plan versus the time you were married to him while he was under the pension plan. That would be months before it would be divided.
Answered on Oct 14th, 2012 at 12:40 PM

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His inheritance whenever received is his separate property and you get no rights. Retirement assets are divided depending on what kind they are IRA, 401K, pension, etc. A separate court order is probably needed. If not written correctly, you may get nothing. Division is done in your settlement agreement and another court order but the funds probably have restrictions as to when you can receive them. If he spent his 401K, then you would have to consider that in any equalization as he's spent your share also. But if he spent it and you are still married, then there were no restraining orders to prevent him from doing so. You should contact an attorney as you are dealing with lots of variations and possibly a trial on these issues and waiting to file for divorce may not be in your best interest as restraining orders attach as soon as you file and he is served.
Answered on Oct 14th, 2012 at 12:33 PM

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No, even if you were still together, inheritances are separate property.
Answered on Oct 13th, 2012 at 9:59 AM

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Family Attorney serving Sacramento, CA at Peyton & Associates
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Only to the extent that it might generate income for payment of spousal or child support purposes. Otherwise, it is his separate property and does not have to be divided in a divorce or after a divorce.
Answered on Oct 13th, 2012 at 9:58 AM

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Very simply, community property is property earned during the marriage. Separate property is property owned before the marriage or acquired after separation. Separate property is also property acquired by gift or inheritance. Family law is complicated and there may be some exceptions or qualifications concerning the determination of whether a certain property is community or separate. I would have to know many more details before I could advise you with more certainty. Retirement assets which were earned during the marriage are community property, again with certain exceptions and qualifications. The usual way retirement assets are divided is that the community property retirement assets are divided "in kind" with each party receiving half of the community share of the assets. The court may also divide the retirement assets by awarding the assets to one party and giving an offset for the value of the retirement assets to the other party. The courts used to offset assets more frequently but now offsets are rarely ordered, primarily because it is difficult to determine the present value of a retirement asset and the retirement assets have not had the taxes paid on them while other assets in the community portfolio usually have already had the taxes paid on them. Evaluating the community interest in retirement assets is based upon the value of the retirement assets attributable to what was created during the period from the date of marriage to the date of separation. This value may have changed during the 4 years since you separated. Both parties can spend community assets during the marriage before separation unless the assets are given away without consideration for for less than adequate consideration. This means that if your husband spent his 401k money on himself- say he went on an expensive vacation- you would not be compensation for his expenditures. On the other hand, if your husband spent the money on gifts for his girlfriend, you would be entitled to be compensation for your community share of this money.
Answered on Oct 13th, 2012 at 9:57 AM

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Alternative Dispute Resolution Attorney serving Ventura, CA at Zahn Law Office
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Inheritance, whenever received, are separate property, so you have no right to his inheritance. As for retirement, it depends upon the type of retirement as to how it is divided. With a traditional pension, the time line approach is used. The percentage is determined by dividing the number of months the pension was earned during marriage by the total number of months earned in the pension. If the 401(k) was spent prior to the divorce filing, then there is nothing to get.
Answered on Oct 13th, 2012 at 9:57 AM

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Family Law Attorney serving San Rafael, CA at Warren Law Group PC
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You raise several points. First, you have no rights to his inheritance even while you are married. An inheritance received is one of the exceptions to community property in California. Retirement assets are typically divided based on assets added during the period of marriage. If he spent his entire 401(k) during the marriage, for the community's benefit, you get nothing. If he spent it on separate property, such as a home in his name, you may have a claim on it. If he only spent the 401(k) after the date of separation, it does not relieve him of the obligation to pay to you your share of that fund if such share exists. This is a complicated area of law and an attorney is recommended.
Answered on Oct 13th, 2012 at 9:56 AM

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