![\"Orange](\"http:\/\/www.cadivorcemediators.com\/wp-content\/uploads\/2013\/10\/12704507_ml.jpg\")
<\/a>By Gerald Maggio, Esq.<\/p>\nIn California, assets and debts that are acquired during the marriage are generally community property, meaning that each party is entitled to one-half of such assets (or responsible for one-half of such debts).\u00a0 One MAJOR EXCEPTION to that principle of law is inheritance.\u00a0 If a spouse inherits money or other assets from family or others, such assets are considered to be that spouse’s separate property, and would not be divided in a divorce.<\/p>\n
However, it is highly important to know that you must have segregated such monies and\/or assets in a separate account in your own name.\u00a0 In other words, let’s say that you inherited $100,000 from your grandmother.\u00a0 You received a cashier’s check for such monies in your name through her estate.\u00a0 If you were to deposit that check into a bank account in your own name and it existed at the time of separation\/divorce, it would be (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" By Gerald Maggio, Esq. In California, assets and debts that are acquired during the marriage are generally community property, meaning that each party is entitled to one-half of such assets (or responsible for one-half of such debts).\u00a0 One MAJOR EXCEPTION…<\/span><\/p>\n