Are Bonuses Put Into One Spouse’s Account Considered Separate Property?

My husband received annual bonuses during our marriage that he put into a savings account in his name only. Are these funds considered marital or separate property?

By John J. Gilligan
March 12, 2015

John J. Gilligan, a family lawyer in Long Beach, answers:

Bonuses received during the marriage are community property even if they were put into an account in his name only. Therefore, you are entitled to half of the proceeds of this account, even if it is in his name alone.


John Gilligan is a founding partner at the family law firm offices of Brandmeyer Gilligan Dockstader & Davidson, LLP in Long Beach, CA. John has over 30 years of experience handling family law, probate litigation and estate planning matters. He can be reached directly at 562-431-2000 or thru email. View their firm online profile here.

Back To Top

March 12, 2015
Categories:  Financial Issues|FAQs

Add A Comment

Comment

Allowed HTML: <b>, <i>, <u>, <a>

Comments

Reason for your Divorce

Why did your relationship end? If there's more than one reason, choose the strongest factor.

Money Problems/Arguments
Physical/Emotional Infidelity
Physical/Mental Illness
Physical/Emotional Abuse
Alcoholism/Addiction Issues
Basic Incompatibility


Copyright © 2017 Divorce Magazine, Divorce Marketing Group & Segue Esprit Inc. All rights reserved. Reproduction in whole or in part without prior written permission is prohibited.