income and debt that the couple acquires during the marriage belong to both parties. If the couple divorces, all property is before the court both separate and community property. Gifts, inheritances, and property acquired before marriage or a marriage-like relationship are separate property owned by the individuals who received the property. Traceability often is key to determining the ownership of personal and real property. Parties can have a separate property agreement, a community property agreement, a prenuptial agreement or post-nuptial agreement identifying the ownership of separate and community property.