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Articles Posted in Community Property

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First, a little lesson on California law: California is a community property state. That means that everything acquired during the marital period is considered community property. The marital period starts from date of marriage and ends on date of separation. Now, for most folks, date of separation is a no-brainer. And for others, ascertaining the date of separation is not so easy. For this discussion, we will assume that husband and wife agree on what the date of separation is so that there can be no confusion of whether or not a party engaged in willful behavior. Property is characterized as either community property or separate property. Continue reading →

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Preparing and exchanging preliminary financial disclosures is a required step in the divorce process. Without the completion of this step, a judge will not grant a divorce. Negligent and wilful omissions of assets and debts when preparing the preliminary financial disclosures can lead to devastating results for the parties. This blog post examines the importance of full transparency and disclosure when preparing the preliminary financial disclosures as well as the possible consequences of not listing all assets and debts, including separate property assets and debts. Continue reading →

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