Reply to Telling sibling to deposit inherence in separate account

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[quote=Anonymous][quote=Anonymous]"Brother, I expect to make the inheritance distributions on x date. Have you set up an account to receive these funds? If not, you should set up an account over which you alone have ownership as inheritance money is not considered joint property. Please let me know the account and routing numbers when you've done this so I can direct the funds to the proper account. Thanks."

Having said that, you may be opening a can of worms w/in his marriage by directing him to do this. Don't be surprised, either, if instead of being life changing you see this money go toward a new car and paying off revolving credit. That is to say whether his wife is involved or not, he may not share your POV as to the value/importance of this money. [/quote]

I'd say it more directly. "inheritance money is not considered joint property. Meaning if you put the money in an individual account (instead of a joint account with your spouse), then the money remains yours if there was ever a divorce in the future. Not advocating one way or the other, just letting you know what I was told." [/quote]

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