Sophie inherited a home from her parents before she married her husband, Pierre. During the marriage, they purchased a second property together using community funds. Which of the following correctly describes the ownership classification of each property under Louisiana law?
Correct Answer
B) The inherited home is separate property; the purchased property is community property
Under Louisiana Civil Code Art. 2341, property inherited by a spouse — even during the marriage — is classified as separate property. Under Art. 2338, property acquired during the marriage with community funds is community property. Therefore, Sophie's inherited home is her separate property, and the jointly purchased home is community property.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Condominium ownership involves owning a unit of airspace within a multi-unit building plus an undivided interest in the common elements shared with other unit owners. Each unit is separately taxed and financed.
In a cooperative (co-op), the building is owned by a corporation, and residents purchase shares of stock in the corporation that entitle them to a proprietary lease on a specific unit. Residents are shareholders, not property owners.
Fee simple absolute is the highest and most complete form of property ownership, giving the owner unrestricted rights to use, possess, enjoy, and dispose of the property. It is of unlimited duration and fully inheritable.
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