Full question:
My husband and I live in California. We jointly own a community property ever since we got married. Is it possible to divide the community property between the both of us into personal and individual property?
- Category: Husband and Wife
- Subcategory: Community Property
- Date:
- State: California
Answer:
Yes, in California, you can divide your jointly owned community property into separate property. According to California Family Code § 2650, the court has the authority to divide the community estate upon request from either party. This includes separating the individual property interests of both parties in real and personal property, regardless of how it was acquired or held. The division follows the same procedures and limitations as dividing community property.
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