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… Continue reading →
Posts Tagged ‘separate property’
Inheritance considered separate property or marital asset?
When a couple starts dividing their assets as the divorce process goes into effect, any inheritance one may have received during the marriage is put on the table. The question arises – Is the money considered separate property or is it a marital asset? The answer is determined by whether the money was kept in… Continue reading →
Divorce and Inheritance
Under California law, when a couple divorces, each spouse is entitled to one-half of all assets accumulated during their marriage. If an inheritance is involved, that is not included; a gift of inheritance is considered separate property and is not required to be shared. Separate property is something acquired by either party before the marriage…. Continue reading →
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