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re: What to do w/ $500,000
Posted on 2/7/24 at 6:57 pm to Jason9782003
Posted on 2/7/24 at 6:57 pm to Jason9782003
quote:
Don't mingle it with your community assets
Yeah you should have an attorney draw up an agreement that clearly states the money AND the future growth is separate property.
Inheritance like this in LA becomes community property pretty quickly even if you never touch it. The taxes owed on the interest, for example, can commingle the funds.
ETA - assuming you want it to stay separate property
This post was edited on 2/7/24 at 8:21 pm
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