If you inherit money from Aunt Martha, it’s separate property. You don’t have to put it into community assets. If you do, you’re putting a legally separate asset into community funds. If you divorce, or you die, whatever is in the community pot is out of your hands as separate property. Fine to do it if you want. Just be aware that the law doesn’t require it.

There’s more information in Chapter 10 of “Don’t Worry about a Thing, Dear”.

This entry was posted on Tuesday, May 6th, 2008 at 9:30 am. Visit the archives for all blog posts.