Jeralyn Lawrence Quoted in NJ.com Article, “Will An Inheritance Change My Alimony Payments?”

 

“While a court would likely not require the recipient of alimony to utilize the $200,000 inheritance to support themselves, a court would attribute a rate of return on that $200,000,” she said. “For example, a court could say that if the $200,000 was placed in a brokerage account, it could earn 4% in interest or $8,000 per year. The issue would then become whether that $8,000 per year is significant enough to impact the alimony.”

Lawrence said you should review your settlement agreement to see whether the inheritance represents a change in circumstances.  Read the full article here.