

{"id":42557,"date":"2021-03-30T17:25:12","date_gmt":"2021-03-30T09:25:12","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.singaporedivorcelawyer.com.sg\/?p=42557"},"modified":"2023-12-29T17:39:03","modified_gmt":"2023-12-29T09:39:03","slug":"protecting-premarital-assets-such-as-gifts-and-inheritance-without-a-prenuptial-agreement","status":"publish","type":"post","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.singaporedivorcelawyer.com.sg\/protecting-premarital-assets-such-as-gifts-and-inheritance-without-a-prenuptial-agreement\/","title":{"rendered":"Protecting Premarital Assets such as Gifts and Inheritance without a Prenuptial Agreement"},"content":{"rendered":"<p class=\"jumper-bigtext\">In our previous article, we explored <a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.singaporedivorcelawyer.com.sg\/marital-home-purchased-before-marriage-how-is-it-treated\/\" rel=\"noopener\" target=\"_blank\"><strong>how a premarital home purchased before marriage<\/strong><\/a> can remain as a premarital asset.<\/p>\n<p>We also explored how it can be transformed into a matrimonial asset. It becomes part of the matrimonial pool and is subject to division upon divorce.<\/p>\n<p>This principle applies in any or all <strong><a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.singaporedivorcelawyer.com.sg\/matrimonial-assets-before-marriage\/\" rel=\"noopener\" target=\"_blank\">assets acquired before marriage<\/a><\/strong> \u2013 not just a premarital home. Therefore, this article will focus on how a party can protect premarital assets such as gifts and inheritance without a <strong><a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.singaporedivorcelawyer.com.sg\/role-prenuptial-agreements-divorce-proceedings\/\" rel=\"noopener\" target=\"_blank\">prenuptial agreement<\/a><\/strong> in place.<\/p>\n<p>The general rule is that if the property is acquired as a gift or inheritance from a third party, the property will not amount to a marital asset under s112(10) of the Women\u2019s Charter unless there had been;<\/p>\n<ul class=\"blogpost\">\n<li>substantial improvement made to the asset as a result of the other party or by both, or when there had been a clear express intention that the gift was meant for both spouses.<\/li>\n<li>If both i) and ii) are absent, then whether the spouse inherited the assets intended for the inheritance to form part of the matrimonial pool. This is a factual inquiry.<\/li>\n<\/ul>\n<p>Where inheritance monies were used to acquire a new asset, this new asset shall remain as an asset received as a gift and will be excluded from the pool of <strong><a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.singaporedivorcelawyer.com.sg\/division-matrimonial-assets-court-will-consider\/\" rel=\"noopener\" target=\"_blank\">matrimonial assets<\/a><\/strong> unless an argument for its inclusion can be shown. <\/p>\n<p>A literal transformation in the asset is not sufficient to make it a matrimonial asset. For example, suppose a party acquires property after marriage using inheritance monies and includes the other party as a joint tenant in this property. <\/p>\n<p>In that case, this suggests that the spouse who inherited the assets intended the property to be part of the matrimonial pool of assets.<span id=\"ref\"><\/span><\/p>\n<p>The same argument applies if a party deposits his\/her inheritance monies into a joint account. On the other hand, a spouse who kept her inheritance monies in a separate account suggests otherwise. <\/p>\n<p>Due to this issue&#8217;s complexity, individuals who wish to protect gifts\/ inheritance given to them by their ancestors are encouraged to consult one of our <strong><a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.singaporedivorcelawyer.com.sg\/choosing-a-lawyer\/\" rel=\"noopener\" target=\"_blank\">family lawyers<\/a><\/strong> for guidance. <\/p>\n<div>\n<div class=\"blogpostrow\">\n<img decoding=\"async\" alt=\"gloria james\" class=\"desktop\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.singaporedivorcelawyer.com.sg\/wp-content\/uploads\/2023\/10\/cta-division-matrimonail-assets.jpg\"><\/p>\n<div class=\"new\"><img decoding=\"async\" alt=\"gloria james\" class=\"mobile\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.singaporedivorcelawyer.com.sg\/wp-content\/uploads\/2023\/10\/cta-division-matrimonail-assets.jpg\"><\/div>\n<div class=\"gradiantblogpost\">\n<div class=\"gradiantblogpostcontainer\">\n<div class=\"blogpostcolumn\">\n<div class=\"blogpostlg7\">\n<p class=\"blogpostctanewpara\">\n<h3 class=\"blogpostcta\">We\u2019re here for you<\/h3>\n<p class=\"blogpostctanewpara\">Should you have any questions or would like more information on the Division of Matrimonial Assets, please contact Gloria James-Civetta &#038; Co to speak to one of our lawyers.<\/p>\n<p><span class=\"blogpostnewctabut\"><a class=\"bpctabutnew butnewbpcta\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.singaporedivorcelawyer.com.sg\/contact\/\" rel=\"noopener\" target=\"_blank\">Contact Us<\/a><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In our previous article, we explored how a premarital home&#8230;<\/p>\n","protected":false},"author":2,"featured_media":42574,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rs_blank_template":"","rs_page_bg_color":"","slide_template_v7":"","footnotes":""},"categories":[13],"tags":[],"class_list":["post-42557","post","type-post","status-publish","format-standard","has-post-thumbnail","category-matrimonial-assets-division"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Protecting Premarital Assets - Gifts &amp; Inheritance without Prenuptial Agreement<\/title>\n<meta name=\"description\" content=\"This article will focus on how a party can protect premarital assets such as gifts and inheritance without a prenuptial agreement in place.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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