Q: If I spend $ from a personal account to pay debt related to joint acct, will my personal account be considered comingled
I am expecting an inheritance. I intend to put this money into a personal account, with my name on it only. However, I intend to spend some of my inheritance to reduce my mortgage and/or pay off my Home Equity Line of Credit, which is jointly held by myself and my wife. If I do so, is any remaining portion of my inheritance (personal) account now considered "co-mingled"? And thus, in the event of my divorce, will my spouse be able to claim access to the remaining portion of my inheritance? I live in Minnesota.
A:
If you can trace it and keep it in a separate account, it would not be considered commingled.
Unless you need to pay down the debt now, it may be beneficial to wait until after the divorce is finalized.
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