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Community Property and Divorce: Not Always 50-50

Joe Dillon, Divorce Mediator

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You and your spouse were partners.

And worked hard throughout all the years of your marriage in order to achieve your financial goals.

But now that you’re facing a divorce, you have questions about community property and exactly how the division of assets and liabilities works.

You’ve heard that for couples divorcing in a Community Property state, spouses split everything 50-50, but you don't know how to decipher community property vs separate property, how to untangle assets or debts that have been co-mingled during the course of your marriage and whether or not you and your spouse actually get a say in how to divide your property and debts in a fair and equitable way.

You also want to make sure that all the income you worked so hard to earn doesn’t wind up getting wasted on divorce attorneys and outrageous legal fees.

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Topics: Amicable, Fair, Dividing Assets and Liabilities, Washington State

Equitable Distribution: Who Gets What in a Divorce?

Joe Dillon, Divorce Mediator

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You and your spouse worked hard throughout all the years of your marriage.

You bought a house, saved for retirement, maybe even treated yourself to a new car or truck.

But now that you’re divorcing, you have questions about what is equitable distribution, how to know what is marital property versus non-marital property, and just who gets what in a divorce - and how it's determined.

You want to make sure that all the money you worked so hard for doesn’t wind up getting wasted on legal fees.

And you don’t get the short end of the stick when it comes to the equitable division of marital property in your divorce.

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Topics: Amicable, Fair, Dividing Assets and Liabilities, Illinois, New Jersey, New York, Pennsylvania

California Community Property and Divorce: Not Always 50-50

Joe Dillon, Divorce Mediator

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You and your spouse were partners.

And worked hard throughout all the years of your marriage in order to achieve your financial goals.

You bought your dream house, built a sizable nest-egg for retirement, and even had enough income to treat yourself to that sweet cherry-red rag top you’d had your eye on since you were a kid. California dreamin’ indeed!

But now that you’re facing a divorce, you have questions about California community property and exactly how the division of assets and liabilities works.

You’ve heard that because California is a Community Property state, spouses split everything 50-50, but you don't know how to decipher community property vs separate property, how to untangle assets or debts that have been co-mingled during the course of your marriage and whether or not you and your spouse actually get a say in how to divide your property and debts in a fair and equitable way.

You also want to make sure that all the income you worked so hard to earn doesn’t wind up getting wasted on divorce attorneys and outrageous legal fees.

Read More
Topics: Amicable, Fair, Dividing Assets and Liabilities, California

The articles in this blog are for informational purposes only and are not intended as legal advice, financial advice, emotional advice or counsel.

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