Legal Question in Family Law in California
My wife and I are separated. We've agreed on pretty much everything except our money. 15 years ago her uncle gave her his house. I sold the house for her, put the money into a condo in her name. In 2007 we sold the condo and invested that money in several different things in both of our names. I choose the investments and managed them. I've done a pretty good job. We started with 100,000 and now have $150,000. We've spent another $150,000 of the money over the years. I believe that since the money was coming led into our joint accounts, it is community property. She thinks that because the source or the money was her family it is hers. According to the law, who is correct?
1 Answer from Attorneys
There is no way to answer your question without sitting down and going through all the records of the transactions to determine whether all, any or none of her separate property inheritance retained its separate property character. Every case in this area of the law is decided on the details of the accounts and transactions. It's not something that can be answered over the internet.
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