What is the difference between marital property and community property?

What is the difference between marital property and community property?

Marital Property and Community Property States This marital property includes earnings, all property bought with those earnings, and all debts accrued during the marriage. Community property begins at the marriage and ends when the couple physically separates with the intention of not continuing the marriage.

What is considered separate property in a marriage?

Separate property is anything you have that you owned before you were married or before you registered your domestic partnership. Inheritances and gifts to 1 spouse or domestic partner, even during the marriage or domestic partnership, are also separate property.

Is inherited money considered community property?

Inheritance is Separate Property in California In the State of California, the distinction between community property and separate property is fairly well delineated. Inheritances, unless extenuating circumstances apply, are considered the separate property of the beneficiary.