Tax filing with separate property
My husband and I are living separately but have not formalized it as a legal separation. I have inherited property which has never been commingled. Does filing married jointly change the character of my separate property to community property? We live in California
Re: Tax filing and separate property
It shouldn't affect your inheritance as separate property. You should consult a family lawyer about your situation, and make a plan for the future (e.g., whether you're going to formalize the separation, divorce, etc., and what financial planning steps you might take in anticipation of formal separation or divorce.)
Re: Tax filing with separate property
That's good news. I have made an appointment. It'll be good to get things formalized. There's too much at stake.
Thanks again!