Navigating Financial Loss: Exploring Spousal Inheritance Rights Amidst Job Loss and Homelessness
A man who lost his job and home after using his 401(k) investments to support his family during financial difficulties is wondering if he has a claim to his wife's $200,000 inheritance. In Ohio, where they reside, marital assets are divided fairly but not necessarily equally. Inheritance is considered separate property unless it is commingled with marital assets. The man would likely have had to give up 50% of his property in a divorce, assuming it was purchased during the marriage. It is advised not to use inheritance money for regular spending and to keep it separate to prove its separate nature. The man may also need to consider alimony payments and other legal costs in the divorce.
