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  1. #1
    Join Date
    Mar 2011
    Posts
    9

    Default Separate Bank Account in Event of Divorce

    My mom is giving me a fairly large sum of money to put in a separate bank account in order to help prepare me financially for divorce, which will most likely be in the next year or so.

    I want to make 100% sure that this money would not be considered joint assets upon a divorce settlement. How do I go about protecting this account?

  2. #2
    Join Date
    Jul 2010
    Posts
    8,006

    Default Re: Separate Bank Account in Event of Divorce

    In order to effectively answer you, we need to know what state you are in.

  3. #3
    Join Date
    Mar 2011
    Posts
    9

    Default Re: Separate Bank Account in Event of Divorce

    Thanks, I'm in Virginia

  4. #4
    Join Date
    Jul 2010
    Posts
    8,006

    Default Re: Separate Bank Account in Event of Divorce

    It would appear on its face that the money would not be considered marital as it is a gift from a 3rd party. I would speak to an experienced divorce attorney to be sure. My recommendation would be for mom to hang on to the money until you need it, just to be safe. I would caution you to keep what she has given you thus far so that your spouse's attorney cannot make a claim that you are attempting to hide assets from the court.

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