Can anyone tell me if someone has been married for 28 years and got a gift of money but used it to build their house, if one of them is able to say it was inhertance, or what would a judge say? There was always a joint savings account. Nothing was ever separate during the marriage. They live in Indiana.
Inheritances can only be passed if someone dies. Beyond that, it sounds like this money was co-mingled in a marital asset, thus it will be split from the current home equity. Is the person trying to exempt this "gift" money from the equity settlement?
Regardless of what the law says, I think it would be wrong NOT to exempt it.
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