Bills › 88th General Assembly
Relating to the disposition of inherited or gifted property in dissolution of marriage proceedings
Topics:Courts & civil law
Where it is now
- Done: IntroducedFebruary 26, 2019
- Done: SubcommitteeFebruary 27, 2019
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
This bill relates to the disposition of inherited and gifted property in a dissolution proceeding. Current law provides that property inherited by either party or gifts received by either party prior to or during the course of the marriage is the property of that party and is not subject to a property division except upon a finding that refusal to divide the property is inequitable to the other party or to the children of the marriage. The bill amends the current provision to eliminate the exception, and also to provide that any appreciation in value of inherited or gifted property during the course of the marriage remains with the party who inherited the property or to whom the property was gifted and shall not be considered in the property division unless such appreciation occurs as a result of active improvement of the inherited or gifted property by either party during the course of the marriage.
Read the full explanation
Additionally, the bill provides that any additions to inherited or gifted property during the course of the marriage shall be factored into the property division.
Senate subcommittee
Named February 27, 2019. It hasn’t reported yet.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part