Question
1) Define Community Property and Separate property 2) Then tell me which of these is Community property and which is separate property. a)Husband buys house
1) Define Community Property and Separate property
2) Then tell me which of these is Community property and which is separate property.
a)Husband buys house 5 year before marriage. Married 2 years and divorce.
b)Husband and wife buy a house.Wife never works and husband makes all the house payments during marriage. Divorce after 7 years. Equity is 25K.
c)Engagement ring that cost $10,000.00
d)Wife buys husband a gun each year for Christmas.At divorce gun collection is worth 20K.
e)Mother of wife gives daughter $10K and she places it in a separate account in her name during the marriage.She never touches the money.Divorce 2 years after depositing money.
f)Husband inherits $25,000.00.He pays off wife's credit cards of $8,000.00 and places the remainder in his Fidelity personal account.
$8,000.00 is?
g)Balance of $17,000.00 in husbands Fidelity account under his name.
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