8 June 2012 0 Comments

Personal bank account and divorce

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I have been asked if a bank account that was kept separate from the couple’s joint account is considered community property.

Community property includes all earnings during the marriage and anything acquired with those earnings.  Separate property includes any gifts or inheritances acquired prior to a marriage and maintained as separate property.

Property purchased with the separate funds of one spouse remains that spouse’s separate property.  However, if separate property is commingled with community property during the marriage, it may become part of community property in the event of divorce.

If you have any questions regarding property division, including community property and separate property, contact an experienced Riverside Divorce attorney who will be able to answer all of your questions

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