In a previous blog I discussed community property earnings and divorce. That is just one aspect of things to consider when living in a community property state such as California. As a family law and divorce lawyer in San Diego, my clients ask how purchases they make during marriage affect property division at the time of divorce.
Divorce and community property purchases can be a confusing topic. While there are many complexities that go into this discussion, I will keep the answers as simple as possible.
Purchasing a house is one such purchase that results in much confusion and questions. The quick answer I provide my clients is that absent any money brought into the marriage for use as a down payment for the house, the house is a community property asset and must be divided equally at time of divorce. There are many other factors that go into this equation, but are best left for future discussion.
Additionally, any vehicles you purchase during marriage have a presumption of being community property and must be considered when making a decision to divorce.
As you can see, divorce and community property purchases are complex issues, but are important to understand when determining your rights at time of divorce.
A future blog will discuss community property debts and divorce. To inquire further about divorce and community property purchases look for a local family law attorney who can discuss this process as it relates to your specific situation. In San Diego, contact the Law Offices of Brian A. Victor for more information on divorce and community property purchases. www.brianvictorlaw.com
