Separate or Marital Property?

A few practical examples illustrate the logic behind designating property separate or marital.

Suppose, right after her wedding to Rufus, Rhonda’s great-aunt leaves her a Tiffany’s jade necklace appraised at $5,000. That inheritance is Rhonda’s separate property. By the same logic, that big-screen television set Rufus got from his brother as a birthday gift belongs to Rufus and is his separate property.

However, when Rufus deposits a $10,000 gift from his folks in his and Rhonda’s joint checking account, that money becomes community property and is marital. And in a community property state, if Rufus buys a motorcycle for himself with money from his income, that motorcycle is community property because he bought it with money earned during he marriage.

Rhonda’s part-time travel agency, which she started before she married Rufus, may become part community property because Rufus can demonstrate that during their marriage he added value to the business.

Useful Online Tools

Suggested Reading
The Property Division Handbook The Property Division Handbook
This book will explain in detail the property distribution aspect of divorce and separation. It will focus on the rights each spouse has under certain laws, situations, and circumstances, and how the division of the property will be decided by the court or through negotiation.

Download Now

Recent Related Blog Posts
    All Property & Debt Blog Posts

Related Article Archives
Cost of Divorce
Financial Planning & Divorce
Property & Debt Division
Property Valuations
Premarital Agreements
    All Article Archives

Related Categories
Alimony & Spousal Support
Divorce Financial Planning
Divorce Laws
Estate Planning & Divorce
Pensions & Divorce
    All Categories
Related Forums
Financial Aspects
Property & Debt
    All Forums

Resources & Tools

Bookstore Promotion Discount

Start Your Divorce Online Start Your Divorce
Several Options to Get Started Today.
Divorce Tools Online Divorce Tools
Keeping it Simple to Get the Job Done.
Divorce Downloads Download Center
Instantly Download Books, Guides & Forms.
Divorce and Custody Books Discount Books
Over 100 of the Best Divorce & Custody Books.
Negotiate Online Negotiate Online
Settle your Divorce and Save.
Custody and Support Tracking Custody Scheduling
Make Sure You Document Everything.
SPOUSES CAN DO IT -- The easiest and least expensive way for a couple to divide and distribute the marital estate is for the spouses to do it themselves. Courts approve any settlement that is fair and reasonable. When courts divide property, normally the judge grants each spouse a percentage of the total value.
Start Divorce

Easily Connect With a Lawyer or Mediator
Have Divorce Professionals from Your Area Contact You!
Enter Your Zip Code:


Featured Book Divorce & Money: How to Make the Best Financial Decisions

Divorce & Money: How to Make the Best Financial Decisions

Divorce & Money: How to Make the Best Financial Decisions


Featured Download What Happens to the Marital Home Upon Divorce

What Happens to the Marital Home Upon Divorce

What Happens to the Marital Home Upon Divorce

Guarantee Official PayPal Seal Facebook Twitter Versign Secure Site