Characterizing Property – Time of Acquisition
When characterizing property in a divorce as community or separate, the time of acquisition can be very important.
When characterizing property in a divorce as community or separate, the time of acquisition can be very important.
When dividing up assets and debts in a divorce it makes sense to start with listing and characterizing them.
When dividing assets and debts in a California divorce, it’s wise to understand what the law considers to community and separate property.
In California divorces in which both spouses are involved in the divorce process, you must exchange financial disclosure forms.
All California divorces require complete disclosure as regards assets, debts, income and expenses.
What is the significance of the “date of separation” in a divorce?
To get divorced, you need to tell the court what will happen with the marital assets and debts. You have a lot of discretion in coming up with this division.