A few questions regarding designating financial accounts as community vs. separate property:
- I have a savings account (“New Savings”) that was opened after my marriage; however, 100% of the funds in it came from a different personal savings account (“Old Savings”) I opened prior to my marriage. I understand that typically an account opened after marriage would be considered community property, but I am wondering if I have grounds to claim it as separate property given I can trace all deposits into “New Savings” from “Old Savings”, and I can prove that my savings in “Old Savings” at the time of my marriage covers the current balance in “New Savings”. Both of these accounts are solely in my name.
Do I have to list “Old Savings” as community property because I contributed to it during the marriage (I deposited my paychecks into a checking account and then transferred money from there into the savings account)? Or can I claim the before-marriage balance of it as separate and during-marriage contributions as community? I had a decent savings in place before the marriage.
I have a 403-B retirement account through my job, which I started before I was married and continued through the marriage and now after separation. Do I list the entire account at community property?
Thank you in advance for any help you may provide. There is so much great information on here.