Is money inherited while you are married community property in a divorce according to Oregon law.?
I inherited some money and stocks about a year ago and now my life is thinking about leaving me because I have chronic pain and it is making her life difficult. I am trying to find out if she will get half of my inherited assets. We live in Oregon and I wanted to know what the law is here. Could anyone please help me?
One Response
beagles
12 Nov 2009
Dividing a marital estate in Oregon is a complex process under the Oregon Uniform Marital Property Act.
Oregon is not a "community property" state. Assets and debts are divided "equitably" by agreement OR by the court. This means there will be a fair division under the particular circumstances of a marriage. Some spouses agree on the division of marital property, assets and debts others don’t. If there’s no marital property agreement, the court will divide the property after looking at a number of factors e.g.,
Assets, debts and financial condition of each spouse
Business value, business interests, and self-employed spouses
Value of retirement accounts, 401(k)s, pensions, stocks and bonds
Trusts, life insurance trusts, and family limited partnerships
Future financial needs and liabilities of the parties
Liquidity and tax consequences
Contribution to the education or earning power of the other spouse
Contribution to the value of the marital property
Premarital and prenuptial agreements, separate property, gifts and inheritance
Spousal maintenance or alimony obligations