Legal Question in Wills and Trusts in Louisiana
If a house is inherited and then sold, then is used to purchase property, is that property community property or still considered the inheritance?
Asked on 11/11/09, 6:11 pm
1 Answer from Attorneys
Nick Pizzolatto, Jr.
Pizzolatto Law Office
The inheritance is just like money......the money is used to buy a house that you and your spouse live in......basically, the money used remains separate and the value of the house, less the separate part, is community.......example, $100,000 is put toward a house during your marriage, then at divorce, when the house is sold, or valued, the first $100,000 is reimbursed to the spouse who put it up.
Answered on 11/16/09, 7:39 pm