Legal Question in Credit and Debt Law in California
When married, is every cash and other asset automatically legally considered "community property" or is there such thing "legally speaking" as being able to set things up as part community and part entirely individual cash and assets? I ask this question in the spirit or protecting my wife in case I was personally sued for something or had a judgement and they went after not only me but "us" because we are married.
Asked on 2/18/12, 5:19 pm
1 Answer from Attorneys
George Shers
Law Offices of Georges H. Shers
All earnings once you are married is community property [if it were not, some husbands would designate all their earnings as private].
Answered on 2/18/12, 11:47 pm