What is Separate Property?
Separate property is all property owned by a person before marriage, property acquired during marriage by gift, bequest, devise, or descent, and any rents or profits from a separate property asset.
Typically, the character of property remains the same throughout marriage, unless you take action that would constitute a "transmutation" of the property to or from separate property of either spouse or community property.
If you have concerns about legal documents which seek to change an asset from community or separate property, you should consult with an attorney to understand the legal implications of such a transaction.
You may also be interested in:
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- What Reason Do I Have To Give To Get Divorced?
- How Does Divorce Work if We Live in Different States?
- What is a Legal Separation?
- Is Divorce Different if There is a Business?
- How Can I Protect My Business Interest in a Marriage?
- How Can I Protect My Business During a Divorce?
- What is Community Property?
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