California Statute For Community Property
Description
How to fill out Statutory Notices Required For California Foreclosure Consultants?
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FAQ
Hear this out loud PauseIf you took out a mortgage to buy a house while married, that debt is community property. You're both responsible for it. If you bought a car with money that only you earned while married, the car is community property even though the money used to pay for it was earned by you and not your spouse.
Hear this out loud PauseCouples going through a divorce in California must decide how to divide their property and debts?or ask a court to do it for them. Under California's laws, assets and debts spouses acquire during marriage belong equally to both of them, and they must divide them equally in a divorce.
Hear this out loud PauseBut in California, marital property is divided (after a divorce) in ance with the legal theory of "community property." Community property laws mandate that everything a married couple owns together is subject to a 50/50 split upon divorce.
Hear this out loud Pause760. Except as otherwise provided by statute, all property, real or personal, wherever situated, acquired by a married person during the marriage while domiciled in this state is community property.
