Legal Question in Real Estate Law in California

community property

Some friends of mine are starting a real estate business and they were wondering how to keep all of their business from their spouses if they ever got divorced. Would a separate contract between them and their significant others do the trick or would common law prevail in California?


Asked on 8/12/99, 6:10 pm

1 Answer from Attorneys
Ken Koury Kenneth P. Koury, Esq.

Re: community property

the spouses will own 50% of the business. they might consider a contract allowing them to buy out the spouse and continue the business in the event of divorce.

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Answered on 8/17/99, 2:24 pm


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