Question
Which of the following is a community asset under community property laws? A. A $90,000 inheritance. Wilma inherited $90,000 from her grandfather this year. She
Which of the following is a community asset under community property laws?
A. A $90,000 inheritance. Wilma inherited $90,000 from her grandfather this year. She was married to Liam when she received this inheritance.
B. A tract of land held for investment. Seth acquired the land while single and married Lilly the next year.
C. Vera received a diamond necklace as a gift from her mother. Vera was married to Thomas when the gift was made.
D. Helen received shares of stock in ABC, Inc., as part of her compensation package as an employee of ABC Inc. She was married to Bob the entire time she worked there.
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