Proceeds from the sale of separate property are the separate property of the spouse whose property was sold. An increase or decrease in the value of separate property is an inherent part of the property itself and cannot be separated from it.
May 09, 2005 at 12:00 AM
1 minute read
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FACTS:Before Paul Max Pace and Linda Ruth Thomas were to wed in March 1997, Thomas had recently inherited approximately $2.7 million from her parents’ estate. She invested the inheritance in an account called the 172 account.
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