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Community interest.

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Icon Mini Profile hills4



Joined: 17 Aug 2008

Posts: 4



2.32 Dollars($)

PostPosted: Sun Aug 17, 2008 1:36 pm    Post subject: Community interest.

I owned property before i got married it had mortgage debt. But I also have separate trust income, which is sufficient to pay the principal portion of the monthly mortgage. Does the Moor MArsden rule apply for determining the community interest?
 
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Icon Mini Profile Niicss
Niicss


Joined: 03 Oct 2005

Posts: 1282
Location: New Jersey


192.18 Dollars($)

PostPosted: Mon Aug 18, 2008 4:23 am    Post subject:

hello hills4.

If this is a separate property and you have made the payments from the separate trust income, it should not be considered as a community property.

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