When two people decide to dissolve a marriage in Kentucky, there are countless decisions to make. One of the most hotly contested items in divorce proceedings is property division. While most assets can be divided based upon a prenuptial agreement or by commonly observed laws, one issue that could face a couple when divorcing is how property or money from an inheritance will be divided.
If there is not a prenuptial agreement in place, assets are divided based upon the state's laws. An inheritance received after two people are married is typically not classified as marital property, and will remain the property of the beneficiary in the event of a divorce. This can become murky if there is a commingling of funds after an inheritance is received. The laws differ from state to state, and it would behoove most people to understand their state's laws on this topic.