Best Family Law Attorneys in Greenburgh, NY

What Happens To Gifts From Parents In A Divorce? In many cases, any gifts you alone receive from your parents will not be subject to equitable distribution law. While other shared assets are considered for equitable distribution, gifts often are defined explicitly as separate property. When an item is defined as separate property by state law, it will remain the sole property of the spouse who received it as a gift. Items that qualify as separate property if given as a gift include the following: - Any gifts you received before the date of the marriage - Gifts you received during the wedding that were only made for or meant for you (donor intent) - Any gifts you received from your parents through an inheritance and you kept those funds separate and didn’t utilize them to purchase marital items or use it to sustain your lifestyle. To simplify, if you received a gift from your parents at any time, and it was apparent the gift was only meant for you, the general rule is that it is defined as separate property and is not subject to equitable distribution. Click to continue reading about situations in which this rule does not apply. If you or someone you know is in need of a divorce lawyer, call our law office today for a free consultation.