A: It depends. Under California law, the inheritance is initially considered separate property and would not be subject to an equal split in the event of a divorce. However, if you commingle the money by using it to create a joint bank account, a joint property or any other joint assets, you may be inadvertently converting your separate property inheritance into community property!
Q: Does my spouse have any right to the inheritance that I just received?
by Rose Law Firm of Napa Valley, Inc. | May 8, 2024 | Estate Planning, Q&A, Trust And Estate Administration |
Categories
- Annual and Lifetime Gift Tax Exclusions (8)
- Business (9)
- Conservatorships (2)
- Español (3)
- Estate Planning (185)
- Joint Tenancy (3)
- Q&A (208)
- Succession Plan (4)
- Title and Deeds (26)
- Trust And Estate Administration (70)
Recent Posts
- Q: I feel overwhelmed by all the decisions I will need to make to create an estate plan. Where do I begin?
- Q: My aunt recently passed and she nominated me as her successor trustee. Will I receive any compensation for acting as successor trustee?
- Q: As Successor Trustee, do my duties include searching for all assets the decedent may have owned?
- Q: I believe my neighbor may be a victim of elder abuse. Who can I make a report to?
- Q: Is my home subject to Prop 13 and, if so, how does Prop 13 work?
Connect with us
Pay Online Here
