Property Ownership
In New Mexico, 'community property' acquired during marriage is presumed to be owned equally by both spouses. An exception applies to property that is:
APurchased after the wedding ceremony
BSeparate property — inherited by or gifted to one spouse individually, or owned before marriage✓ Correct
CTitled only in one spouse's name
DUsed as a vacation home
Explanation
In New Mexico (a community property state), separate property includes assets one spouse owned before marriage, or received as a gift or inheritance during marriage. Keeping separate property separate and not commingling it with community property is essential.
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