|
|
| ||
|
|
||
|
California Law - Trace If all the money in your bank account consists of earnings during the marriage, then the entire account is community property, no matter who earned the money. However, if separate funds were placed into the account, the funds may still be separate. Example: Antony and Cleo marry and open a bank account. Antony places $10,000 of his pre-marital savings into the account. Cleo has no pre-marital savings. During the marriage, the couple earns money that goes into the account and spends money out of the account for day-to-day expenses. At the separation date, they have $12,000. Result: $10,000 may be treated as Antony's separate money, if Antony can perform an acceptable tracing.
Disclaimer: We are not giving legal advice. No warranties. We disclaim all legal liability. More... Click here to go to top California divorce law page. Click here for the California divorce legal table of contents. | |||||||||||||||||||||||||
______________________________________________________________________________________________________
|
