After four years, they agreed to divorce
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After four years, they agreed to divorce

Prior to their marriage, LeRoi and her husband, Pillsbury, each held substantial assets. During their marriage, they jointly purchased a home with the income they earned, and LeRoi inherited a substantial amount of money.

After four years, they agreed to divorce. The marriage ceremony and divorce action were both in a state with community property laws.

a. Is the property owned by both husband and wife before marriage considered community property?

b. Is LeRoi’s inheritance considered community property?

c. Is the home considered community property?

Hint
Accounts & FinanceMarital or community property is property acquired by either or both the spouses during their marriage period. During divorce the community property is divided equally between the spouses. Separate property can become community property when it commingles with the community property. Gifts, inheritance, or assets owned prior to marriage are considered personal property....

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