Jennifer B. Yates Attorney at Law

Are separate bank accounts considered separate property?

Often couples keep their finances separate during marriage, and then assume upon divorce that these are their separate property. That is not necessarily the case, unless you have a written agreement that you and your spouse intended for that to be the case.

All property and earnings acquired during marriage are considered to be community property, regardless of how finances were handled.* This may mean, for example, that your spouse is entitled to one half of the money placed into the IRA you hold in your name.

*Any property received by inheritance, gift, bequest or devise is the separate property of the receiving party.

Jennifer Yates, Attorney at Law

Any Questions?

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Divorce, in 10 steps

If you're new to divorce, see the 10-step overview, a start-to-finish outline of the process in Ventura or Santa Barbara County.

Thinking about a divorce? It's time for a consultation

Even if you're just exploring your options, it's never too soon to talk. I offer initial consultations free of charge.

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When you work with a lawyer, you're the one who actually makes the decisions. Here are some tips that might help.

Jennifer B. Yates, Family Law (Divorce) Attorney, serving clients in Ventura and Santa Barbara counties.