Skip to content
  • Live News
  • Topics
  • Headlines
MarketNewsData
Essential Market News. Zero Noise.
  • Live News
  • Topics
  • Headlines

December 24, 2023 by MarketNewsData

From Dow Jones & Company:



The article discusses the issue of whether interest earned on a separate inheritance account becomes joint property in the event of a divorce. It is recommended to consult a certified public accountant to determine tax liability on the interest earnings and then pay it with money that is separate from the joint marital finances. It is also suggested to create a paper trail for any withdrawals made from the inherited account and to be cautious about the handling of tax payments in commingled accounts. The article emphasizes the importance of understanding the legal implications of separate and joint assets in the event of divorce. Finally, the article advises readers to proceed with caution when discussing financial matters with their spouse and to seek professional advice early to avoid potential conflicts and financial complications in the future.



Original: I inherited a $300,000 bank account. When I pay taxes on the interest, would my spouse be entitled to a share of the account if we split?

More Live News

Analyst Upgrade UBER

Needham Raises Uber Price Target to $109

3 hours ago.
Analyst Upgrade TSM

Morgan Stanley Bullish on TSMC (TSM) Ahead of Q2 Earnings

3 hours ago.
Earnings Preview ASML

ASML Q2 Earnings Preview: Analysts Cautious Despite Growth

13 hours ago.
All Right Reserved © MarketNewsData.com.
  • Live News
  • Topics
  • Headlines
  • Contact Us
  • About Us
  • CCPA
  • Terms of Use
  • Privacy Policy
  • DMCA