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-   -   Inheritance money - is it community property (https://www.askmehelpdesk.com/showthread.php?t=410148)

  • Oct 27, 2009, 09:17 AM
    krfdallas
    Inheritance money - is it community property
    My husband and I live in Texas and my husband's father passed away, but lived in California. According to Texas law, when he receives his part of the inheritance, does that money only belong to him or does it become community property? Please let me know. Thank you.
  • Oct 27, 2009, 10:49 AM
    AtlantaTaxExpert
    This is a LEGAL question, not a tax question, that is best posted in the LAW forum.
  • Oct 27, 2009, 12:28 PM
    Five Rings

    An inheritance is not considered income and thus not exposed to tax law.

    The beneficiary of the bequest is the sole owner.

    Separate property. Generally, separate property is:
    Property that you or your spouse owned separately before your marriage.

    Money earned while domiciled in a noncommunity property state.

    Property that you or your spouse received separately as a gift or inheritance during your marriage.

    For more info on this subject see:
    Publication 555 (5/2007), Community Property

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