We all know that divorces can get messy. From child custody to retirement accounts, there are all sorts of things that can get contentious in negotiating a divorce settlement. One of the biggest sticking points in a divorce, though, can be the disposition of inherited assets. From a parent's vacation home to a grandmother's antique diamond ring, generally all assets in a divorce must be split equitably. As a result, that family property could become your ex's.
The best way to avoid such a scenario is to negotiate a prenup. If there are important family assets that you currently own, or expect to own at some point in the future, it is wise to set forth an agreement with your spouse with regard to that particular asset. The problem, though, is many of us do not think that far ahead. Owning Grandpa's hunting cabin decades from now is not usually a huge concern in the months before a marriage. In the absence of a prenuptial agreement, then, divorcing spouses are left to defend their rights to inherited property with little ammunition.