Robert and Gerry have been married twenty years. Before they married, Robert owned a vacation home valued at $350,000. During the fifth year of their marriage, he sold the property, placed the funds in his bank account for two days, and then immediately purchased a home for them to use as a marital residence and put it in Gerry's name for estate planning purposes. Gerry paid the taxes and
insurance on the property for the fifteen years they lived there as husband and wife. Which of the following is an accurate statement?
A) In a source of funds state, the property will belong to Gerry.
B) In an inception of title jurisdiction, the property will belong to Gerry.
C) Robert will be unable to claim any interest at all in the property because it has transmuted into marital property from separate property.
D) Robert will be unable to claim any interest in the property because he will be unable to trace the funds from the sale of the vacation property.
B
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