What is separate property?
Separate property is most property that a spouse acquired before marriage, after marriage, or during marriage by gift or inheritance. It is not considered part of the marital estate, and therefore is not divided and shared with the other spouse. Please note that separate property may be changed or “transmuted” into community property during marriage. Ask your attorney to explain this to you.
Related Questions
- Would it be better for the two LLCs to form the partnership, or just have them create a separate partnership when they work on the joint property venture?
- When is it necessary to file a separate and distinct action for recovery of ownership or possession of property?
- Do property owners receive a separate bill for water or road maintenance?