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What is sole and separate property and debt?

April 26, 2017debt Property separate sole

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What is sole and separate property and debt?

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Sole and separate property and debt is generally property and debt that you acquired prior to marriage or after service of divorce or legal separation papers. It may also include property that you solely inherited and property given to you only as a gift. Parties can voluntarily (and sometimes unwittingly) change the characterization of property and debt.