Are You Divorcing In A Community Property State? What To Know
Only a few states still divide marital property according to community property rules. In a nutshell, it means that everything a couple owns is considered to be owned jointly. To learn more about how things get divided in these states, read on.
Is It Fair?
Unlike the other way of dividing property, equitable distribution, community property rules don't even try to achieve any sort of fairness. That is because property and debts are owned by both parties jointly regardless of who you might think should be the owner.
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