What are a few examples of separate property in a Carlsbad divorce case? Once all of the assets and debts are clearly established in the process of property division, one of the next steps is to identify those assets and debts which are “community property,” those which are to be considered as the “separate property” of either spouse and those…
Commingled
What is Commingled Property in a San Diego Divorce?
What is commingled property in a San Diego divorce and how does that affect the division of community property? One of the most complex issues in almost any divorce is the division of assets and debts. People have strong feelings about specific property as well as money. One of the first concepts you will come to understand in your divorce…
Commingled Assets and Debts in a San Diego Divorce
How will the Court handle commingled assets and debts in a San Diego divorce. Generally speaking, there are principally two types of community property in a San Diego divorce – “community property” and “separate property.” Basically, community property will encompass any assets and debts which are obtained by the parties jointly or separately from the date of the marriage to…
How Will Our Property be Divided in a Carlsbad Divorce
How will our property be divided in a Carlsbad divorce? California is a “community property” state. The marital assets and debts of parties considering a divorce are therefore known as “community property.” Community property is to be divided equally between the spouses. This includes all acquisitions during the course of the marriage, all debts incurred and the earnings of both…
Characterization and Division of Community Property in a Divorce
Who is going to get the house in your Carlsbad divorce? What about the living room furniture or the vacation home you have out-of-state? The characterization and division of community property in a divorce is one of the primary issues associated with the completion of any divorce. What is community property? Community property in California refers to all assets, financial…