An inheritance refers to a gift, devise or bequest of property
which a person may receive under the Will of a person who has died.
A party may also be eligible to receive a distribution from the
Estate of a person who dies intestate. Examples of property
include, money, digital assets and other personal effects of
belongings.
Things to consider
In family law proceedings, an inheritance that one party has or
is likely to receive is an important consideration, particularly
where the inheritance is of significant value.
The treatment of inheritance can vary depending upon the
contributions made by each party and their respective future
needs.
Ultimately, the treatment of an inheritance (or an expectant
inheritance) will be determined by the Court on a case-by-case
basis. How the inheritance is treated will vary and, practically
speaking, may depend upon:
