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Community Property

Community Property

A major source of contention in a divorce can be the partitioning, or splitting, of community property. Community property can include assets such as the home where the parties lived during the marriage, second homes, furnishings in the homes, automobiles, boats, rental properties, businesses, retirement accounts, bank accounts, and various investments. Community property can also include debts such as mortgages on property, credit cards, education loans or personal loans taken during the marriage.

Community property can also raise issues such as: Who will live in the home while the divorce is pending? Who will receive the home in the partition? Who has to pay the mortgage while the divorce is pending? How is a party’s retirement split? Does a party owe the other money for debts paid after the divorce is filed? These are all questions Kristyl can answer, as well as any other questions her clients may have.