Once you are in possession of the inheritance, you need to legally define what portion belongs to you, when and how youwill receive it and how you will handle any contingencies placed on this inheritance by your parents. You should get a lawyer to create a document that is fair to both you and your sister. Your wife has no claim at this time to that property just because you are married. It belongs only to you, legally.
You can name your wife as beneficiary to your "estate" A will is the best way to make known your intentions for distribution of whatever remains of that inheritance and any other assets you have. I would think you would want your wife to be the beneficiary of you estate (when you die) but you may also have others you want to include. All of this can be clearly stated in your will. If you don't have a will, in all likelihood the next of kin, being your wife, will get it all.
There are always exceptions, but this is a time when you really need a lawyer to create a will for you. Remember too, that you can modify this document any time your situation changes. Just protect yourself and what you are entitled to receive. Don't assume anything. People get funny when there are assets to be had and to simply trust that you and your sister will be fair with each other is a mistake that might damage your relationship with her, and cause you both a lot of grief. Find a lawyer asap and talk with him about all of this. And take his advice!
Inheritance takes affect when you die. As long and you are living, your wife has no legal right to any of it. It is not considered community property. If, for example, you were to divorce, she would not be entitled to any part of that inheritance and it would not be factored into any distribution of marital assets. Spend it all on your wife, if you want to, but there is no reason she should have legal ownership.
No. His wife has no rights to the inheritance.
An inheritance by either a wife or her husband is not the property of the other. An inheritance is the sole property of the beneficiary who inherited it.An inheritance by either a wife or her husband is not the property of the other. An inheritance is the sole property of the beneficiary who inherited it.An inheritance by either a wife or her husband is not the property of the other. An inheritance is the sole property of the beneficiary who inherited it.An inheritance by either a wife or her husband is not the property of the other. An inheritance is the sole property of the beneficiary who inherited it.
I know in my state, Louisiana, that would be considered an inheritance, and therefore, not community property. So, no, your husband would have no claim to it.But you need to check the inheritance laws of your state.In the USIn the United States a woman is allowed to own property in her own right. Her husband has no control over property she inherits. That sort of practice went out with the Married Women's Property Acts beginning in the nineteenth century which were originally designed to protect their property from their husband's creditors. In a community property state generally, a spouse's separate property consists of property the spouse owned before marriage or acquired by gift or inheritance during the marriage.
No. An inheritance is not considered joint property, so you are not entitled to any portion of your husband's share of his inheritance.
she should just in case
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No. The inheritance is the property of the wife and her husband has no right, title or interest in it. For that reason she should make certain it always remains separate property, in a separate account.No. The inheritance is the property of the wife and her husband has no right, title or interest in it. For that reason she should make certain it always remains separate property, in a separate account.No. The inheritance is the property of the wife and her husband has no right, title or interest in it. For that reason she should make certain it always remains separate property, in a separate account.No. The inheritance is the property of the wife and her husband has no right, title or interest in it. For that reason she should make certain it always remains separate property, in a separate account.
A husband and wife are one person and that person is the husband.
It depends on where you are. If you're in the US, the answer is generally no. A husband has no right to his wife's inheritance as long as she keeps it separate from marital property.
You have mentioned two different situations. Apparently the wife inherited property then she transferred it to her and her husband's joint ownership. The property now belongs to her and her husband. It was no longer legally classified as her inheritance once she executed a deed making it joint property.You have mentioned two different situations. Apparently the wife inherited property then she transferred it to her and her husband's joint ownership. The property now belongs to her and her husband. It was no longer legally classified as her inheritance once she executed a deed making it joint property.You have mentioned two different situations. Apparently the wife inherited property then she transferred it to her and her husband's joint ownership. The property now belongs to her and her husband. It was no longer legally classified as her inheritance once she executed a deed making it joint property.You have mentioned two different situations. Apparently the wife inherited property then she transferred it to her and her husband's joint ownership. The property now belongs to her and her husband. It was no longer legally classified as her inheritance once she executed a deed making it joint property.
In the state of Missouri, the wife automatically inherits property of her deceased husband. When either spouse dies, the surviving spouse has an undivided interest in the whole property, and the right to sole ownership.
* It depends on how your husband's parents left the will. In most cases when an inheritance is left to the husband and he passes on then any monies or property is merged into what your husbands financial status is and would go to the wife.