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If married and bought property from trust money willthat be community property? |
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The rules will vary by state if we are talking about the US. In some cases the fact that the money is from a trust will be key to demonstrating that the property is not community property. In other cases the other party will have to have signed a document to evidence that they have no rights to the property. In some locations other factors apply.
It could be best that the trust buys the property and holds it in the name of the trust. Then there is little room to argue that the property is community property. Other options exist if the trust does not have enough money to buy the property without financing.
Consult a local attorney for laws in your area.
First answer by ID1133351889. Last edit by JohnCorey. Contributor trust: 20 [recommend contributor]. Question popularity: 19 [recommend question]
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