Legal Question in Wills and Trusts in California
inheritance & community property in California
I am married & live in CA. When I inherit money from my parents, if I place it in a personal (non-joint) account, will it still be community property under CA law?
3 Answers from Attorneys
Re: inheritance & community property in California
No, as long as you keep it segregated.
Re: inheritance & community property in California
Inheritances are not community property unless you make a gift of the property to the community. You can do that explicitly by making a gift deed, or you can do that implicitly, by comingling your inheritance with community property.
Re: inheritance & community property in California
No. Inheritance remains your separate property unless you commingle it with community property and cannot trace it back to your separate property.
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