Legal Question in Family Law in California

Re: community property

Dear Inquirer:

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NOW, IN RESPONSE TO YOUR INQUIRY --

There are various technicalities and exceptions to consider but basically (1) all contributions during the marriage are Community Property together with the growth or loss thereon; all contributions after date of separation are your Separate Property, together with the growth or loss thereon. And (2) valuation for the purpose of dividing is as close to trial as possible. If division is by Qualified Domestic Relations Order (not always possible) the value doesn't really matter because the division can be by percentages.

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Re: community property

Generally, assets are valued at the time of trial. There are few exceptions to that rule, such as in the case of a closely held business. Good Luck, Pat McCrary