QUESTION
iN WI. IS USING INHERITED PROPERTY TO COLATERILIZE A LOAN AND OR A HOME REFINANCE CONSIDERED COMMINGLING OF ASSETS?
Asked on Jan 08th, 2017 on Divorce - Wisconsin
1 ANSWER
4 Awards
Taking gitfted and/or inherited property, which is exempt from property division when getting a divorce, and mixing it or commingling with marital assets arguably changes the character of the exempt asset into presumed 50/50 property division. This would apply to paying off joint marital debts as well, in my opinion.
Answered on Jan 09th, 2017 at 2:14 PM
David B. Karp Karp & Iancu, S.C. 933 North Mayfair Road #300 Milwaukee, WI 53226 414 453 0800 dbk@karplawfirm.com www.karplawfirm.com