Which of the above assets are community property assets

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Reference no: EM131820334

A. Sam and Sara, a married couple, lived in Virginia, however, they recently moved to Texas (CP state). Following their move to Texas, Sam inherits a vacation home from his grandparents.

B. While still living in Virginia, Sam managed to place $100 per month in a savings account titled in his name only. After moving to Texas, the account remains in his name in the separate account.

C. Sara owned a condo before she married Sam, however, she sold the condo and invested the proceeds in a mutual fund.

D. In Texas, Sara decides to purchase a new Mercedes Benz with money from their joint checking account.

Which of the above assets are community property assets?

Reference no: EM131820334

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