COMMUNITY PROPERTY

This is Hammers & Baltazar’s sixty seconds of Family Law. Got a minute?
Hello, I’m Barbara Hammers and I’m gonna talk about community property.
In California, except for inheritance or gift, property-real or personal- no matter where it is located acquired during the marriage, is community property.
Did you know that even property held in one person’s name can still be community property?
If property held in one person’s name is acquired during the marriage, even if a quitclaim deed is signed, it is still community property with a few exceptions.
Unless certain things are done to change community property into separate property, the way title is held, may make little difference in a divorce.
It is very important to get competent legal advice before doing a property transaction with your spouse, so that there are no surprises if you later end up in a divorce.
This family law minute is brought to you by Hammers & Baltazar Family Law.
I’m Barbara Hammers, thank you for watching.
See more family law facts on our blog at www.family-law-authority.com