Related Definitions
What is Separate Property?
Any assets or property acquired by a spouse prior to marriage that is not considered community property.
Property owned by one spouse individually, not subject to division in the event of divorce or death. Separate property typically includes assets owned before marriage, inheritances, gifts received solely by one spouse, and certain income generated from separate property. Understanding the distinction between separate property and community property is essential in estate planning, as it influences asset distribution and the application of probate laws.
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