You and your spouse have decided to divorce. You know California is a community property state. What is to become with the inheritance you received from your dad?
Don’t be alarmed; an inheritance received during your marriage is considered separate property. However, there are times when it can be considered marital property. One example is commingling the funds with other marital assets. This happens when you deposit your inheritance into a joint account. Another time is if you purchase a marital home using your inheritance. If this has happened to you, your inheritance will be subject to equitable division upon divorce.
If you are considering divorce and have questions regarding the inheritance you received from your father several years ago, contact an experienced Orange County Divorce attorney who can discuss your legal options with you.
