Separate, Separated, Separation

Friday, February 20th, 2009

Here are three legal terms that you should think about if you are thinking about filing for divorce:

Separate – Separate Property

One part of a divorce is the division of property. California is a community property state. All property obtained by either party during marriage is presumed to be community property and jointly owned 50/50, unless the acquisition of the property was the result of a gift or inheritance. Any property acquired during marriage that can be traced to separate property is also separate property. All other property, including property that was acquired before marriage or after the date of separation is separate property. Certain actions and/or agreements Read more of this post.



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