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Posts tagged "community property"

Handling property division between spouses over 50

Recent divorce trends offer a glimpse into the ever-changing structure of American society. While divorce was virtually unheard of in generations past, it has now become an accepted part of American society, and is rarely a surprise. Divorce rates are climbing among older California couples, as well, which necessitates a different approach when it comes to matters of property division.

New prenuptial agreement laws may help uniformity between states

When couples choose to divorce here in southern California, their assets will likely be divided under community property law. This generally means that the property acquired during the marriage--except certain items and assets--will be divided 50/50. However, deciding which assets are part of the community estate and which are separate is a complicated process.

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