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How is Credit Card Debt Split in Divorce in California?

When you get a divorce in Stockton, you and your spouse will have to divide your property – and property includes both assets and debts. California is a community property state, so usually, the division of credit card debt is pretty clear-cut. Here’s what you need to know. Related: Community property basics in California What is Community Property? The term …

Transmutation and Tracing: Property Division & Divorce

As you are likely aware, property can take on two distinct characterizations once a couple becomes married: separate or community. The distinction between the types of property has a critical bearing on the distribution of assets upon divorce. In a perfect world, the characterization of the property remains the same throughout the marriage and divvying that property up on dissolution …

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Are Assets Always Split 50-50 in a Divorce in California?

California is a community property state, which means everything you and your spouse earned or purchased while you were in the marriage belongs to both of you equally. But it doesn’t mean that you have to divide everything 50-50. Splitting Assets in Your Divorce: Are They Always Split 50-50? During your divorce, everything that you and your spouse contributed to …

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Community Property Basics

In California, the term community property refers to any assets or income earned by a married person – and it belongs to both parties of a marriage, not just the one who brought it in. It’s different from separate property, which only belongs to one spouse. And during a divorce, community property must be divided equitably between both of you. …

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Divorce and Cryptocurrency: What You Need to Know

Divorce in California can be complicated – and it can be even more complicated when cryptocurrency is involved. Divorce and cryptocurrency are appearing together more frequently in court, so here’s what you need to know. Divorce and Cryptocurrency: What You Need to Know When you or your spouse owns cryptocurrency, your divorce requires a different type of financial valuation than …

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California Divorce: Who Gets the House?

In a California divorce, who gets the house? This is one of the biggest questions many people have about splitting up, but the answer isn’t as simple as you may hope. California Divorce: Who Gets the House? Your marital home – what the court calls your house when you’re divorcing – might be one of the toughest issues in your …

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California Divorce Laws on Property Division

What are California’s divorce laws on property division? If you’re headed for a split, here’s what you need to know. California Divorce Laws on Property Division If you’re going through a divorce in California, you have to decide how to divide your property and debts. It’s between you and your spouse to come up with a fair agreement… and if …