Property OwnershipMEDIUM
Texas is a community property state. Which of the following is considered separate property?
Correct Answer
B) Property inherited by one spouse
In Texas, property inherited or received as a gift by one spouse is separate property, not community property.
Answer Options
A
Salary earned during marriageB
Property inherited by one spouseC
Investment returns from joint accountsD
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Related Topics & Key Terms
Related Topics:
property-classificationmarital-property-rightsreal-estate-transactions-married-couples
Key Terms:
community propertyseparate propertyTexas Family Codeinheritancemarital property
Related Concepts
Community property is a system where property acquired during a marriage is owned equally by both spouses.
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