What is “Community Property” and how will that effect my divorce?
Generally, community property is a legal concept that all property, income, and essentially everything other than seperate property, belong to the marital community. Based on this legal concept, a 50/50 split will be the initial presumption for any cash, real property, retirement funds or other property. Seperate property, such as assets owned before marriage, proceeds from a personal injury suit, gifts or inheritances, will need to be legally accounted for to not be considered a part of the community. If you feel that a 50/50 division would not be fair for you, it’s especially important to consult an attorney so that your case can be properly presented to the court.
