Are all properties acquired after marriage community property?
August 9, 2002
Subject: 50% Community Property Law
Date: Thu, 11 Jul 2002
Hello Mr. Gray,
I am legally married, but not living with my husband. Are all our properties and money acquired during the course of the marriage 50% of each other, even if acquired with someone else?
Date: Wed, 31 Jul 2002
Not necessarily. I can't go into the details of title here, but you can acquire property that is not community property. For example, if you inherit property during your marriage, it is probably separate property. Also, since you are not living together, if you do not intend to get back together, your earnings may be separate property. I recommend that you consult with an attorney who specializes in family law to find out about your individual situation.
We have more answers to frequently asked real estate tax questions! We also offer up-to-date information about new tax real estate tax developments in Michael Gray, CPA's Real Estate Tax Letter.
Find us on Facebook
Follow me on Twitter
Connect on LinkedIn
Connect on Google+