Legal Question in Family Law in California
family law
In California, is anything purchased
while you both are married, considered community property?
Thank you.
Asked on 2/10/07, 10:42 pm
1 Answer from Attorneys
Laurence Haines
HainesLaw
Re: family law
Yes, if community property assets were used to purchase the item.
Generally, an asset's status is based upon the status of the asset or funds used to acquire the asset.
Thus, community funds used to purchase a car makes the car a community asset and separate funds used to purchase a car means the car is also separate property.
Answered on 2/10/07, 10:52 pm