What is community property and how is it divided in my divorce?

  • By:admin

“Community property” is defined as all property acquired by a married person during marriage while domiciled in California including all out-of-state property owned by the spouses. ¬†Community property excludes each spouse’s “separate property,” any earnings and accumulations that accrued while the spouses are living separately and apart, community property that has been changed to separate property and certain personal injury damages recoveries. ¬†When a couple separated with no intention to resume their marriage, property acquired or accumulated by them are no longer characterized as community property but rather changed to separate property.

At the time the couple decides to divorce, their community property is generally divided equally between them subject to joint obligations, debts, support and other issues.

To learn more about your rights in a divorce, call 310-212-7109 and ask to speak to an attorney.

****The opinion above is not intended to be legal advice and absolutely does not create any attorney-client relationship between its author and the readers. Please consult an attorney for information or advice specific to your legal issue.****

Regal Law Office

21151 S. Western Ave. Suite 225

Torrance, CA 90501

310-212-7109

 

Posted in: Family Law, Law, Uncategorized