One of the misconceptions that I often find is that people believe that their inheritance will be excluded from the asset pool. Generally speaking, it’s not – if your inheritance is received during the relationship, a Court will probably include it in the asset pool, available for division between the parties.
It does, however, make a difference to the overall property adjustment. Although it will be treated as part of the asset pool, it will count as a contribution from the person whose relative has passed away.
Should you need advice as to how an inheritance that you have received would be treated in the event of separation, and how (if at all) that inheritance may be protected, then please contact Kruse Legal on 08 8278 1779