Video: Community Property – What does it mean

When it comes to asset division in divorce, a main consideration is whether you live in a community property state or an equitable division state. There are only 9 states that are community property, including CA.

The main difference between a community property state and an equitable division state is how they evaluate marital property divisions. Both generally keep separate property separate.

Community property states will seek a 50/50 division of marital property, whereas equitable division states may not seek a straight 50/50 split, but try to find a division that the court deems fair based on the specific circumstances of the couple such as each spouse’s financial contributions, non-financial contributions, future earning potential, and the length of the marriage. This leaves a lot of room for subjectivity.

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  • Explore the various divorce options and understand which solution is right for you and why
  • Review your main areas of financial concern and consider the best ways to address them
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  • Get clear on the next steps to begin moving forward
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