In approaching such issues the Court can distinguish between “Matrimonial Assets” and “Non Matrimonial Assets”.
“Matrimonial Assets” are those treated by the parties as joint. The asset has been used by the parties during the marriage and has been “intermingled” with other marital capital. Such assets may include the family home, savings acquired during the marriage and pensions accrued during marriage etc.
In such cases the Court will first consider the needs of any children and each party and how such needs can be met from the available assets and resources regardless of where they came from or who originally provided the asset.
“Non-Matrimonial Assets” are those which have not been treated as joint, such as inheritances received after separation. In such cases the Courts are more likely to exclude these assets from consideration and the party to whom it was given be allowed to keep it. Meeting the needs of the parties and any children will always take priority over the nature of the asset, including whether it was an inheritance and when it was received. In shorter marriages without dependent children the less claim one party will have against the others non matrimonial property.
Inheritances can be received before the marriage, during the marriage or after separation. They may have benefited both parties, been kept separate or a combination of the two. Inheritances may take some time to be paid by the estate and therefore is the date of receipt as opposed to the deceased’s death the relevant point in time? Whenever received they are not generated by the parties own efforts and therefore should they be treated differently? What if one party provided a lot of care for their spouse’s elderly relative, would that make a difference. The parties themselves may have strong feelings about how an inheritance should or should not be viewed.