Gifts a husband or wife receive from his or her parents would typically be treated as separate property, rather than marital property; however, if the husband or wife changes the manner in which the property is titled, then it could impact the nature of the property. For example, if husband receives a gift of land from his parents and it is deeded to husband, individually. If husband decides he wants to put the land in both he and his spouse's name, he may have altered the nature of the property, changing it from separate to marital. If spouses wish to maintain a gift as separate property, the nature of the property should be held separately from marital property; otherwise you risk commingling the separate property with marital property and it could be divisible in any future divorce.
Answered on Mar 06th, 2013 at 2:15 PM