Louisiana | Wills and Trusts
11/11/09, 6:11 pm
Legal Question
If a house is inherited and then sold, then is used to purchase property, is that property community property or still considered the inheritance?
Share This On:
11/16/09, 7:39 pm
Legal Answer
The inheritance is just like money......the money is used to buy a house that you and your spouse live in......basically, the money used remains separate and the value of the house, less the separate part, is community.......example, $100,000 is put toward a house during your marriage, then at divorce, when the house is sold, or valued, the first $100,000 is reimbursed to the spouse who put it up.
Share This On:
Pizzolatto Law Office 2771 Paul White Road Lake Charles, LA 70611
► Other answers from this attorney
