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COMMUNITY
& SEPARATE PROPERTY
There are generally two types of property in a family law and divorce
case.
The
first is called “community” property (which also includes “quasi-community”
property).
The
second is called “separate” property.
Whether
an asset in a divorce such as real (real estate and land) or personal
(everything other than real estate and land) property is “community”
or “separate” property is the starting point for most divorce actions
that involve the division of assets.
Community
property is all property acquired by a married person during marriage
while living in California.
Between
registered domestic partners, community property is all property
acquired by either partner during the partnership while living in
California.
In
California, a spouse’s property is considered community property
regardless of whether the property is real or personal and no matter
where the property is situated.
California
courts generally will treat out-of-state community real property
as community property for all purposes, including intraspousal management
and control fiduciary obligations.
Each
spouse generally has a 50% ownership interest in community property,
with equal rights of management and control, but subject to intra-spousal
fiduciary obligations.
Not
everything acquired during the marriage is community property and
only an experienced family law attorney, like the law firm of Farzad
& Mazarei, can tell you whether or not the assets that are part
of your divorce are community verses separate property.
Separate
property is generally property owned before the marriage (although
that doesn’t automatically make the property “separate”), property
acquired during the marriage by gift or inheritance and any profits,
rents or income from such separate property. Separate property can
also include post separation earnings and accumulations and certain
personal injury damages recoveries (depending upon when the cause
of action arose and the nature of the recovery).
Whether
or not a particular property (real or personal) is community or
separate property is critical to the evaluation of your divorce.
While community property is generally divided 50/50, separate property
belongs solely to the spouse who owns it.
It
is very common for one spouse to try and claim property as being
“separate” when in fact it is “community” property, just as it is
common for a spouse to not realize that his or her property is separate
property and should not be divided like community property.
Farzad
& Mazarei can help you make the correct determination so that
the assets are divided fairly and equitably and you obtain the result
that California law requires.
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