25-213

25-213. Separate property

A. A spouse's real and personal property that is owned by that spouse before
marriage and that is acquired by that spouse during the marriage by gift, devise or
descent, and the increase, rents, issues and profits of that property, is the separate
property of that spouse.

B. Property that is acquired by a spouse after service of a petition for
dissolution of marriage, legal separation or annulment is also the separate property of
that spouse if the petition results in a decree of dissolution of marriage, legal
separation or annulment.

C. Notwithstanding subsection B of this section and section 25-214, subsection C, a
mortgage or deed of trust executed by a spouse who acquires the real property encumbered
by that mortgage or deed of trust after service of a petition for dissolution of
marriage, legal separation or annulment shall be enforceable against the real property if
the petition does not result in a decree of dissolution of marriage, legal separation or
annulment.

D. A contribution to an irrevocable trust that has as its principal asset life
insurance on the person making the contribution is a contribution of the insured's
separate property if the spouse of the insured is the primary beneficiary of the trust.