Reply to How to Keep Inheritance Separate

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Those two do not know what they are talking about. That is YOUR MONEY. and is not automatically marital property unless the decedent left it to both of you, you both worked on the investments of that money, or you intentionally or unintentionally commingled those funds

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Depends on the state. Some states the married couple can have separate assets, and some they cannot [/quote]

even in community property states like california, inheritances that don't name both partners are sole and separate property *unless commingled in a shared account*

OP, you'll want to open up a separate account in your name only to receive the funds. you *can* use your same brokerage unless you're worried they will not deposit the funds properly.

if that is a concern, then a new brokerage and a low/no fee account-- vanguard or fidelity or chase, what have you.

ultimately you should update your will and set up a trust if you are concerned that the kids might inherit before they are of an age to make responsible choices. of course, then you have to figure out who should be the trustee. [/quote]

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