Question

Which of the following is NOT true in jurisdictions that recognize the marital property designation known as community property?

A) Community property applies to property owned individually before a marriage once the marriage has occurred. B) Community property laws do not apply to inheritances. C) There may be tax implications regarding the dissolution of community property at the time of a divorce, marriage annulment, or death. D) Community property laws do not apply to gifts.

Answer 1

D) Community property laws do not apply to gifts.

Step-by-step explanation:

Is not true, in jurisdictions that recognize community property, gifts given to one spouse during the marriage are generally considered community property and will be divided equally in the event of a divorce or death. This applies to gifts given by one spouse to the other or by a third party to either spouse.