GRAND RAPIDS, Mich. (WOTV) - If you receive a gift or inheritance, consider this before you decide what to do with it.
If you put it in a joint account or joint names it becomes marital property and will be subject to a 50-50 split in a divorce. If you keep it strictly in your name or in an account that is yours alone, it is considered to be yours, not marital property.
So if you anticipate receiving an inheritance you might want to discuss with your spouse how you would like to handle it.
If you need legal advice or want to speak to a lawyer contact DAWN- Attorney's for Women .
nothing herein constitues legal advice.
Maranda and her partners joined together for a special holiday celebration at Meijer for foster & refugee families with Bethany Christian Services. WOTV 4 Women along with Bethany Christian Services, Craig's Cruisers, Meijer, Fifth-Third Bank & Priority Health & other partners spent the night meeting these special families during a taping of Maranda Where You Live. The night was filled with food, entertainment and shopping with these special families.
It's the first Christmas lights competition of its kind for television! Four families will compete each week to transform their homes for the holidays for a big cash prize!
Enter to win a $50 SUBWAY Restaurant gift card from Jordan Carson and the Social Sizzle! Enter to win here!